Credit Suisse: A significant rate cut by the Federal Reserve may increase the possibility of a rate cut by the Bank of England in September.

Gold Ten Data, September 2nd news, UBS global research strategist stated in a report that the Federal Reserve is expected to begin cutting interest rates in September, and a rate cut of more than 25 baz puan could stimulate people’s confidence that the Bank of England will implement more rate cuts this year, including possibly cutting rates this month. Most people in the market expect the Bank of England to stand still in September and cut interest rates in November, but UBS stated that the possibility of cutting rates in September should not be completely ruled out: “Since the Bank of England meeting in August, the data has improved, and the Federal Reserve is also preparing to cut interest rates for the first time in this cycle.”