Citi: GBP 75bn in new QE coming from the BOE

Analysts at Citi believe that the Bank of England (BOE) is likely to cut interest rates by 25bps in August, while adding that GBP 75bn in new BOE purchases over the next 4 months cannot be ruled out.

European stocks rally ahead of Fed’s rate decision

The European markets finally ended four-straight sessions of consolidation and broke to the upside this Wednesday, as markets adjust their positions h
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GBP/USD fails to resist above 1.3100, shrugs-off UK GDP

The GBP/USD pair faded UK-GDP led spike to 1.3146 and retreated thereon, now flirting with daily lows reached below 1.31 handle in the last hour. GBP
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