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Back Fundamental analysis
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Back Fundamental analysis
The Bank of England Is Ready to Cut Rates
The Bank of England is expected
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The Bank of England is expected to cut interest rates by a quarter of a percentage point today and signal that another reduction is likely in June. This could potentially put the central bank on track for its first back-to-back rate cuts since 2009, as the U.S. trade war clouds growth prospects. The British pound, as seen on the chart, is reacting quite painfully to the development.Economists anticipate that U.K. policymakers will reduce the base rate from 4.5% to 4.25%,
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Jakub Novak,
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