Forex
globalreutersNovember 7, 20241 Mins read
More gradual Bank of England rate cuts = support for GBP
globalreutersNovember 7, 20241 Mins read UBS analysts (at UBS Global Wealth Management) says GBP will be a beneficiary of the Bank of England only cutting rates gradually.
- cautious Bank of England will support sterling
- sees GBP/USD higher in the months ahead
UBS remarks after the Bank of England cut its Bank rate on Thursday but sounded less dowvish on future rate cuts due to sticky inflation effects of the UK budget:
This article was written by Eamonn Sheridan at www.forexlive.com.
Related Articles
Crypto ETFs are seeing huge inflows
These numbers for Wednesday's trade, showing 12 spot bitcoin ETFs raked in...
JP Morgan says Bitcoin could climb higher for 8 weeks – cites ‘Trump trade’
JP Morgan like BTC through to year end:“We continue to see room...
PBOC is expected to set the USD/CNY reference rate at 7.1452 – Reuters estimate
People's Bank of China USD/CNY reference rate is due around 0115 GMT.The...
Plenty of ‘intervention’ type comments coming out of a nervous South Korea
South Korea's finance minister, Choi Sang-mok, spoke at a meeting with top...
Leave a comment