TD warn of more Bank of England rate cuts than the marekt expects – to weigh on GBP | Forexlive
GBP may face pressure as the Bank of England (BOE) could cut interest rates more aggressively than markets anticipate, according to TD Securities strategists in a note from late last week. While recent stronger-than-expected UK economic data has led them to push back their forecast for the next BOE rate cut to May instead of…