Golden data on September 12th, Mitsubishi UFJ Financial Group analyst Lee Hardman said in a report that as the UK economy slows down, the Central Bank of England may accelerate the interest rate cut cycle, and the pound may fall as a result. Hardman said that after the unexpectedly strong rise in the first half of this year, the UK economy lost its momentum in the second half of this year. Data released on Wednesday showed that the UK economy achieved zero growth for the second consecutive month in July. He said that the possibility of the Bank of England cutting interest rates in November and December is increasing, which may cause the recent strong pound to reverse to some extent.
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Mitsubishi UFJ: İngiltere Merkez Bankası faiz indirimini hızlandırabilir, sterlin baskı altında kalabilir
Golden data on September 12th, Mitsubishi UFJ Financial Group analyst Lee Hardman said in a report that as the UK economy slows down, the Central Bank of England may accelerate the interest rate cut cycle, and the pound may fall as a result. Hardman said that after the unexpectedly strong rise in the first half of this year, the UK economy lost its momentum in the second half of this year. Data released on Wednesday showed that the UK economy achieved zero growth for the second consecutive month in July. He said that the possibility of the Bank of England cutting interest rates in November and December is increasing, which may cause the recent strong pound to reverse to some extent.