BOE's Pill: I do expect we can cut rates further ...Middle East

But urges caution of further rate cutsDisinflation process is not yet completeUS tariffs could have "quite substantial effects"

It's all about buying flexibility now for major central banks. The disinflation process has sort of hit a bump in the road and in the case of the UK, there will be concerns on stagflation. GBP/USD is up 0.4% to 1.2495 on the day but it owes much to a softer dollar.

This article was written by Justin Low at www.forexlive.com.

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