Credit Suisse: Pound to recover after Fed joins rate cut cycle

Gold Ten Data, November 7th news, Dean Turner, the chief economist of UBS Global Wealth Management in the euro zone and the UK, said that as the trend of slowing inflation continues into the new year, the Bank of England may further cut interest rates in the coming months. The prospect of lower interest rates should continue to favor investing in high-quality corporate bonds and government bonds. The pound has recently struggled to consolidate its recent gains, but we believe that when the Fed joins the rate cut cycle, the pound may regain its pump momentum.