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MUFG has revised its outlook for the Bank of England (BoE), now expecting back-to-back rate cuts before year-end. This adjustment reflects growing evidence of decelerating economic growth in the UK.
Key Points:
Conclusion:
Investors should remain cautious about GBP exposure as the economic landscape shifts, with the potential for rate cuts and market volatility posing challenges ahead.
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This article was written by Adam Button at www.forexlive.com.
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