ICYMI Goldman Sachs changed their forecast for Bank of England rate cuts. None in December

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