here. Looking out to the entirety of this year, traders are pricing in ~49 bps of rate cuts in total. That is just a slight step down from what was priced in going into the turn of the year.
The pound reaction hasn't been too straightforward though. It lost some ground earlier with cable slipping to a low of 1.2155 but dip buyers are making a bit of a stand with price now rising back up to 1.2225 currently and testing its 100-hour moving average of 1.2223.
Hence then, the article about traders step up odds of boe rate cut for next month was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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