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BOE will cut another full point in December

posted by Avatar eriathwen 1290 days ago in GBP, Fundamental, Weekly made popular 1290 days ago

While a shock and awe approach to rate cutting Thursday saw the Bank of England cut the key rate 150 basis points to 3% briefly lent the British pound support, weak economic data piled up and left the currency down 2.5% against the greenback at the end of the week. Most anticipate the BOE will cut another full point in December as well.
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