Lates News

Ebury economist Enrique Diaz-Alvarez stated in a report that if the Bank of England hints that market expectations for a rate cut are excessive, the pound could receive a boost. Data from LSEG shows that the market expects the Bank of England to cut rates by 90 basis points in the remaining time of 2025. He said that the Bank of England would find it difficult to meet these expectations and may want to maintain flexibility. Additionally, the pound should benefit from a Labour government and closer UK-EU relations.