BOE's Breeden: Recent evidence further supports case to withdraw policy restrictiveness ...Middle East

I think one of the better trades of 2025 will be a 'catch-down' trade in the pound as rates are cut.

Difficult to know how quickly to remove restrictive policySome tentative evidence that activity is starting to weaken, though we expect it to pick back up againUpside inflation scenario has now subsided sufficiently to no longer be a core consideration in setting policy

The pound hasn't moved on the comments but has struggled this week as the market sorts out the coming economic weakness and rate cuts.

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We are monitoring what happens in the gilt marketA lot of gilt price moves reflect global factorsGilt market moves have been orderly so far, so far so good This article was written by Adam Button at www.forexlive.com.

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