Pound Jumps as Traders Turn Cautious on Expectations of BOE Jolt

Updated on
  • Derivatives trading shows 98% chance of rate cut on Aug. 4
  • ‘High expectations’ make ‘higher hurdle’ for BOE: BTMU

Would a BOE Rate Cut Prevent a Recession?

The pound advanced before the Bank of England on Thursday delivers its second post-Brexit interest-rate decision, as some investors see a risk of policy makers underwhelming a market that’s pricing in the near certainty of a rate reduction.

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