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TD Securities expects a cautious 25bps rate cut by the Bank of England, signaling persistent inflation and sterling pressure. Further GBPUSD downside is anticipated due to subdued easing and stronger…
UK's finance minister affirms strict fiscal discipline, leading to Sterling weakness and increased chances of a BOE rate cut amid inflation easing and spending constraints.
UK Finance Minister Rachel Reeves signals tough budget choices with likely tax rises to reduce debt, aiming for lower interest rates. Sterling slipped modestly as markets anticipate a dovish Bank of …