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.