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Back Fundamental analysis
The British Pound is Preparing for Another Period of Volatility
Following yesterday's inflation data, the British
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Following yesterday's inflation data, the British pound is preparing for another bout of volatility. Today, the Bank of England is likely to cut interest rates, as concerns are shifting from inflation toward problems in the UK economy and labor market.Traders and economists expect the central bank to lower its base interest rate by a quarter of a percentage point to 3.75%—the lowest level in nearly three years.Previously, it was assumed that the decisive vote would once again come from Committee
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Jakub Novak,
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