Latest News

The UK monetary policy

Last week, Huw Pill, the Chief Economist of the Bank of England (BoE), cautioned against the greater risks associated with cutting interest rates too hastily rather than waiting. His prudent stance on monetary policy offers some backing for the British Pound (GBP).

Nevertheless, investors have factored in the likelihood of the BoE's first-rate cut occurring in August, with an anticipated decrease of 50 basis points (bps). Consequently, this anticipation may induce some selling pressure on the Cable and limit the downside of the currency pair. 


Dr. Kamaran Qader Yaqub,
Financial consultant at Investment Spot company. 

Share This Share This