Following the Bank of England's decision to maintain policy rates, Credit Agricole highlights the GBP's emerging status as a high-yield currency, supported by the potential for future easing.Key Points:BoE Decision and Forward Guidance:The BoE kept rates unchanged in September while signaling future gradual easing. Only one member dissented for a 25bp cut, indicating a cautious approach.Gilt Holdings Reduction:The BoE plans to reduce gilt holdings by GBP 100 billion over the next year, reflecting a commitment to monetary tightening despite potential easing ahead.Market Reactions:UK rates markets have adjusted easing bets for November and December 2024, suggesting a slightly less dovish stanc
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