Bailey speech: Not unreasonable for market to expect rate cuts this year
Source Fxstreet
"Markets expect rate cuts this year, we do not endorse the market curve, but it is not unreasonable for the market to think that," Bank of England (BoE) Governor Andrew Bailey said while testifying before the UK Treasury Select Committee on Tuesday.
"We are having to walk a narrow path on monetary policy," Bailey added and noted that there has been a lot of emphasis on UK recession rather than on the strong story on employment.
Market reaction
GBP/USD clings to modest daily gains slightly above 1.2600 following these comments.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
Wall Street Sounds Alarm: "Bitcoin's Four-Year Cycle Invalidated" - Will the Crypto Bull Market Persist?Wall Street Challenges Bitcoin's CyclicalityTradingKey - Recently, Wall Street firms led byJPMorgan, Bernstein, and ARK Invest ignited debate, asserting Bitcoin's four-year cycle is broken. They claim
Wall Street Challenges Bitcoin's CyclicalityTradingKey - Recently, Wall Street firms led byJPMorgan, Bernstein, and ARK Invest ignited debate, asserting Bitcoin's four-year cycle is broken. They claim
Ethereum Price Eyes an Upside Break — But $3,350 Has Other IdeasEthereum is consolidating above $3,200 and its 100-hour SMA after defending $3,150, with a bullish trend line support at $3,180 and an upside breakout hinging on a clean move through $3,320–$3,350, while a drop below $3,150 would reopen $3,040–$3,000 support.
Ethereum is consolidating above $3,200 and its 100-hour SMA after defending $3,150, with a bullish trend line support at $3,180 and an upside breakout hinging on a clean move through $3,320–$3,350, while a drop below $3,150 would reopen $3,040–$3,000 support.
Gold Price Forecast: XAU/USD climbs above $4,250 as Fed rate cut weakens US DollarGold price (XAU/USD) rises to seven-week highs near $4,275 during the early Asian session on Friday. The precious metal extends its upside as the US Federal Reserve’s (Fed) quarter-point rate cut drags the US Dollar (USD) lower.
Gold price (XAU/USD) rises to seven-week highs near $4,275 during the early Asian session on Friday. The precious metal extends its upside as the US Federal Reserve’s (Fed) quarter-point rate cut drags the US Dollar (USD) lower.
Judgment on the Fed's December Rate Cut and 2026 Monetary Policy Trend: Identifying Opportunities in the U.S. Stock Market1. IntroductionSince U.S. stocks pulled back from their late-October highs, they have staged a rebound after hitting a cyclical low in mid-to-late November. Currently, the S&P 500 has largely recouped
1. IntroductionSince U.S. stocks pulled back from their late-October highs, they have staged a rebound after hitting a cyclical low in mid-to-late November. Currently, the S&P 500 has largely recouped
Gemini integrates Ripple's RLUSD on XRPL and secures a CFTC license for prediction markets, though XRP price struggles at $2.02 despite strong ETF inflows.
