Barclays are expecting the European Central Bank to cut more than expected

Snippets from Barclays, in summary:

• Shorter term we worry the ECB will need to cut more than expected to stabilise the economy
• seeing only slow growth in the European Union

And, not just the ECB that’ll keep cutting, Barclays is bullish US equities despite stocks being near record highs:

• path of least resistance remains to trade higher
• global rate cutting cycle and China stimulus is keeping a soft landing for the economy on track

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This article was written by Eamonn Sheridan at www.forexlive.com.