Snippets from Barclays, in summary:
Shorter term we worry the ECB will need to cut more than expected to stabilise the economyseeing only slow growth in the European Union
And, not just the ECB that’ll keep cutting, Barclays is bullish US equities despite stocks being near record highs:
path of least resistance remains to trade higherglobal rate cutting cycle and China stimulus is keeping a soft landing for the economy on track
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This article was written by Eamonn Sheridan at www.forexlive.com.
