Sterling Weak as BoE Rate Cut Odds Rise, But Downside Limited for Now
Sterling is currently the weakest performer in today’s trading, though selling pressure remains somewhat contained for now. Weaker-than-expected inflation data from the UK further strengthened the case for BoE to cut interest rates in November. More critically, markets are now pricing in a higher probability of another back-to-back rate cut in December. Interest rate futures […] The post Sterling Weak as BoE Rate Cut Odds Rise, But Downside Limited for Now appeared first on Action Forex.
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Sterling is currently the weakest performer in today’s trading, though selling pressure remains somewhat contained for now. Weaker-than-expected inflation data from the UK further strengthened the case for BoE to cut interest rates in November. More critically, markets are now pricing in a higher probability of another back-to-back rate cut in December. Interest rate futures […]
The post Sterling Weak as BoE Rate Cut Odds Rise, But Downside Limited for Now appeared first on Action Forex.
