Our friends at Livesquawk reporting latest client note from UBS 27 June 2016
- looking for 2 x 0.25% BOE cuts ( Aug/Nov)
- Fed hike delay until Dec
BOE interest rate cuts now firmly on the agenda. And to think just a few weeks/months ago the merest suggestion of easing ( something I have never ruled out here in my bearish UK/GBP view) was laughed out of town.
Meanwhile GBPUSD chewing its way above 1.3450 EURGBP looking to test 0.8200
