​Pound Jumps After BOE’s Last Rate Cut Of 2024, Warns Reeves Budget Will Spike Inflation – Tyler Durden

Pound Jumps After BOE’s Last Rate Cut Of 2024, Warns Reeves Budget Will Spike Inflation Just hours before the Fed’s second rate cut this cycle, the Bank of England cut interest rates to 4.75% – as all economists expected – its second rate hike this cycle (it kept rates on hold at its previous meeting in September, following a reduction in August)… …. after inflation fell to a three-year low in September; however the cut was seen as hawkish by the market, sending the pound up 0.7% to session highs after Governor Andrew Bailey signaled that a further move is…  — Continue at ZeroHedge News : Read More