UBS: The latest view is that the Federal Reserve will cut rates by 100 basis points by the end of the year.

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ODAILY
08-09
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Odaily Odaily News UBS Global Wealth Management said that the British pound may strengthen against the US dollar GBP/USD for the rest of the year because the Federal Reserve may cut interest rates more aggressively than the Bank of England. UBS analysts said in a report: "Our latest view is that the Federal Reserve will cut interest rates by 100 basis points before the end of the year, while the Bank of England will only cut interest rates by 50 basis points during the same period, so fixed income investment flows will increasingly tend to GBP/USD higher." They said that GBP/USD may rise to 1.30 before the end of the year. (Jinshi)

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