Pound falls to 3-week low, markets expect BoE cut in November - MarketPulse

Oct. 7, 2024 - MarketPulse

On Thursday, Bailey said that the BoE could cut rates more aggressively if inflation continues to fall. Another rate cut is widely expected at the November meeting.

The markets have raised the odds of a 25-basis point cut at the Fed November meeting to 87%, compared to 65% one week ago. Opinions are the authors; not necessarily that of OANDA Business Information & Services, Inc.

or any of its affiliates, subsidiaries, officers or directors. © 2023 OANDA Business Information & Services Inc.

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