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G10 FX Weekly: BoE Opens Downside for UK Short-End Yields and GBP
Richard Jones
Summary The Bank of England (BoE) left rates unchanged yesterday but shifted towards a cut as early as next month. The Monetary Policy Committee (MPC) voted 7-2 in favour of the hold, with two dissenters (including Deputy Governor Dave Ramsden) calling for an immediate cut. Governor Andrew Bailey was notably dovish on market pricing in […]