Sterling May Fall if BOE Eases Rates More Than Forecast
Unicredit Research said its expects the Bank of England will cut rates by 125bp next year, more than markets are pricing in, which will probably drive GBP/USD back towards 1.20 and lift EUR/GBP well beyond 0.90.
Unicredit Research said its expects the Bank of England will cut rates by 125bp next year, more than markets are pricing in, which will probably drive GBP/USD back towards 1.20 and lift EUR/GBP well beyond 0.90.
