- Analytics
- News and Tools
- Market News
- BoE: Discussions about cutting interest rates to put additional depreciation pressure on GBP – Commerzbank
BoE: Discussions about cutting interest rates to put additional depreciation pressure on GBP – Commerzbank
UK Consumer price inflation was significantly lower in October than in September. However, the Pound was unable to benefit. Economists at Commerzbank analyze GBP outlook.
Inflation still well above the target
Even if the recent fall in inflation can be seen as positive, this cannot really help the Pound, because now interest rate cuts are likely to be increasingly discussed. This is despite the fact that uncertainty about the inflation outlook is still high and it remains to be seen how quickly price pressure will really ease. After all, at 5.7%, core inflation is still a long way from the BoE's 2% target. Discussions about cutting interest rates simply don't really fit into the picture.
This is likely to weigh on the Pound in the coming months, also in light of the fact that, according to our economists, the ECB is unlikely to make its first rate cut until the end of 2024.
© 2000-2025. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
