FLGB - Bank Of England Set To Cut Rates Before The Fed As Officials Turn Dovish
2024-04-23 07:45:00 ET
Summary
- The Bank of England is right to draw a distinction between the UK and US inflation outlook.
- We expect the first rate cut to be in August or maybe even June.
- Sterling could come under greater pressure, but we think this is less of a concern for the BoE now than it was in 2022 or 2023.
By Chris Turner , James Smith , & Michiel Tukker
The Bank of England is turning dovish
The Bank of England is trying to tell us something, and markets are finally starting to take notice....
Bank Of England Set To Cut Rates Before The Fed As Officials Turn Dovish