Scan to Download Gate App
qrCode
More Download Options
Don't remind me again today

GBP Traders Might Be in for a Surprise



Barclays Bank just spoke out: the market's expectations for the Bank of England to cut interest rates next week are too conservative. Currently, traders are only pricing in a 25% chance of a rate cut, but Barclays economists generally believe it's a done deal — expecting a 5-4 vote to cut rates by 25 basis points, bringing the benchmark rate down from 4% to 3.75%.

What does this mean? The market is only pricing in a 25% probability of a cut, but the actual likelihood could be close to 50/50 — a huge gap. Goldman Sachs and Nomura are also leaning toward a rate cut.

If a cut actually happens, the British pound could face downward pressure, and traders shorting the pound would be happy. Is there still time to jump in now?
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)