A note from JPM on Thursday, info via Reuters reporting:
- expects the Bank of England to start cutting interest rates in August (were previously projecting the first cut on November)
- and 75bp of cuts by the end of 2024
JPM cite inflation coming down and optimism about a soft landing
The Bank of England Bank rate is currently 5.25%, JPM forecast to 4.5% by the end of this year.
This article was written by Eamonn Sheridan at www.forexlive.com. Source