The pound euro (GBP/EUR) exchange rate is rising after losses yesterday.
The pound is rising despite the BoE noting in its Financial Stability Report that the UK growth outlook is a little weaker and more uncertain than in November.
The report highlighted risks from geopolitical and trade tensions on financial markets and on sovereign debt.
The euro is falling amid attention to EU-US trade talks, with hopes for a framework agreement in the coming days.
ECB Chief Economist Philip Lane stated that the recent 25-basis-point cut was necessary to prevent inflation undershoots from becoming persistent.