Bank Of England To Cut Interest Rates For Second Time This Year On Thursday

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Investors expect the Bank of England to cut its policy rate by 25 basis points.

Deflationary pressures intensified further in the UK in September.

The 200-day EMA near 1.2810 supports GBP/USD’s downside.

The market agrees that the Bank of England’s (BoE) interest rate decision to be announced on Thursday will further ease policy. The Bank of England has kept interest rates unchanged at 5.00% at previous meetings, but changes in investor sentiment suggest a 25 basis point rate cut may be in the cards this week.

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