British Pound Faces Gloomy Outlook, Bank of England (BOE) Almost Guaranteed to Cut Rates (Daily FX)
British Pound Faces Gloomy Outlook, Bank of England (BOE) Almost Guaranteed to Cut Rates (Daily FX) The British pound continues to slump toward 1.60 amidst demand for dollars and in anticipation of the Bank of England?s monetary policy decision next week. The BOE is widely expected to follow up their October 8 rate cut with yet another 50bp cut to 4.00 percent on November 6 at 7:00 ET, as the UK economy tips into recession and the financial markets remain unstable. More here: British Pound
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