UK markets pricing in 3 interest-rate cuts this year after soft retail sales By Investing.com
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 17 2025
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Source: Investing.com
Interest Rate Cuts and Economic Concerns: UK traders are now anticipating three interest rate cuts from the Bank of England this year due to disappointing retail sales data, which has weakened investor confidence and highlighted the need for economic easing.
Market Predictions and Currency Decline: A recent survey indicates that 51% of market participants expect the pound to drop to between $1.20 and $1.15 by June, while 70% predict the 10-year gilt yield will exceed 5%, reflecting ongoing concerns over debt and inflation in the UK economy.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
