Pound Dives as BoE’s Bailey Suggests Aggressive Rate Cuts Possible
Sterling fell sharply today after BoE Governor Andrew Bailey surprised markets by suggesting the possibility of aggressive rate cuts in an interview with The Guardian. Market expectations quickly adjusted, with swaps now fully pricing in a 25bps cut in November. The odds of a second 25bps cut in December also surged to 70%, up from […] The post Pound Dives as BoE’s Bailey Suggests Aggressive Rate Cuts Possible appeared first on Action Forex.
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Sterling fell sharply today after BoE Governor Andrew Bailey surprised markets by suggesting the possibility of aggressive rate cuts in an interview with The Guardian. Market expectations quickly adjusted, with swaps now fully pricing in a 25bps cut in November. The odds of a second 25bps cut in December also surged to 70%, up from […]
The post Pound Dives as BoE’s Bailey Suggests Aggressive Rate Cuts Possible appeared first on Action Forex.
