I posted the headline on this yesterday:
But the Bank of Japan kept me tiede up and I did;t get a chance to add in a bit more. Here we go:
- GS expect a 25bp rate cut from Bank of England next week, November 7
- then a hold in December (the BoE meeting is December 19)
- then a cut to follow at the first meeting for 2025, February 6
- the Bank of England Bank Rate projected to fall to 3% by the ned of next year
Not everyone is on board with a November BoE cut:
This article was written by Eamonn Sheridan at www.forexlive.com. Source