Jonathan Cook
on October 22nd, 2024 Economists at Goldman Sachs (no stranger to bold predictions) now believe UK interest rates will fall to 2.75% by the end of next summer. According to a report released Monday, markets are currently “underestimating the likely extent of the action by Threadneedle Street”. A move of this scale is by no means guaranteed but it could have a massive impact on the pound if accurate.
GBP/USD: the past year
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