GBP to fall against EUR and USD – pick your poison. BoE to cut again and again and again.
HSBC says its economists expect further signs of disinflation to emerge alongside a cooling UK labour market, paving the way for the Bank of England to maintain a steady pace of 25-basis-point rate cuts each quarter until Bank Rate reaches 3.0% by the third quarter of 2026. On the currency front, the bank forecasts sterling … Read more