Will the stronger pound lead to larger interest rate cuts by the Bank of England (BoE)? Does the recent strength of the Pound Sterling (GBP) mean that imported inflation will be lower and, conversely, that the Bank of England (BoE) will be able to cut interest rates more quickly? In principle, this is a very fascinating idea, and not just for the BoE, Commerzbank’s FX analyst Michael Pfister notes.
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