Extra gradual Financial institution of England fee cuts = help for GBP

UBS analysts (at UBS World Wealth Administration) says GBP shall be a beneficiary of the Financial institution of England solely chopping charges steadily.

• cautious Financial institution of England will help sterling
• sees GBP/USD greater within the months forward

UBS remarks after the Financial institution of England minimize its Financial institution fee on Thursday however sounded much less dowvish on future fee cuts on account of sticky inflation results of the UK finances:

• Ubaidahsan Americas FX information wrap 7 Nov: FOMC/BOE cuts by 25 foundation factors

This text was written by Aaron Cutchburt at www.ubaidahsan.com.



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