Cross currents for GBP – slower tempo of price cuts vs. wobbly confidence on fiscal

MUFG notice conflicting influences on GBP:

• slower tempo of interest-rate cuts by the Financial institution of England ought to assist, by preserving charges larger for longer relative to different main economies

However:

• lack of investor confidence within the Labour authorities’s fiscal consolidation plan might pose a downward danger (through through any ongoing selloff in gilts)

Financial institution of England due 7 November 2024 at 0700 US Japanese time:

• This snapshot from the ForexLive financial information calendar, entry it right here.
• The instances within the left-most column are GMT.
• The numbers within the right-most column are the ‘prior’ (earlier month/quarter because the case could also be) end result. The quantity within the column subsequent to that, the place there’s a quantity, is the consensus median anticipated.

This text was written by Aaron Cutchburt at www.ubaidahsan.com.



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