ICYMI - Goldman Sachs brings forward its BOE rate cut forecast to May from June previously ...Middle East

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ICYMI - Goldman Sachs brings forward its BOE rate cut forecast to May from June previously
Justin had the news on this forecast revision from the investment bank:Goldman Sachs brings forward BOE rate cut to May from June previouslyIt came after data from the UK showed inflation in November hit its lowest rate in over two years:UK November CPI +3.9% vs +4.4% y/y expectedFirst BOE rate cut now priced in for May next yearSterling falls as UK CPI data vindicates market posturing on rate cutsGoldman Sachs expect:interest-rate cut by the Bank of England in May from Junewhile maintaining the size of cut at 25 basis points per meeting until the policy rate reaches 3% in May 2025. This article was written by Eamonn Sheridan at www.forexlive.com.

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