HomeBlogAplenty Icon PublicationMore gradual Bank of England rate cuts = support for GBP

More gradual Bank of England rate cuts = support for GBP

Nov 8, 2024

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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:

Forexlive Americas FX news wrap 7 Nov: FOMC/BOE cuts by 25 basis points

This article was written by Eamonn Sheridan at www.forexlive.com.

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More gradual Bank of England rate cuts = support for GBP

BNP Paribas Predicts Bank of Japan Rate Hike in December Amid US Uncertainty

Rekt Raises $1.5M Seed Round Backed by Angels and Community

Further reading

Red meat once helped human evolution but now carries serious risks

Eating a diet rich in four key nutrients is linked to a lower likelihood of depression, study finds

Jupiter-like exoplanet helping scientists rethink how solar systems form

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