BoE will likely cut rates in August, says Morgan Stanley

Monetary policy action from the UK central bank is expected in August, via QE and a rate cut

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The Bank of England (BoE) will likely cut rates at its August meeting, after it held steady on July 14 despite market expectations for further monetary easing, due to the increased uncertainty following the UK's vote to leave the European Union, says Hans Redeker, the global head of FX strategy at Morgan Stanley.

Morgan Stanley, the winner of last week's three-month currency forecast table, now expects cable to fall, as the lack of a clear path for negotiations is

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