The abstract is generated by AIThe Bank of England's December decision is imminent. Will GBP/USD see a "reversal"?
**Rate hike is essentially locked in; a 4-5 vote split may reoccur**
This Thursday (December 18), the Bank of England will announce its December interest rate decision. Market consensus points to a further 25 basis point cut to 3.75%, marking the fourth rate cut of the year and a new low in three years. According to market forecasts, the probability of a rate cut this time exceeds 90%, with at least one more adjustment expected before the end of April next year.
Notably, economists anticipate the voting result
View Original**Rate hike is essentially locked in; a 4-5 vote split may reoccur**
This Thursday (December 18), the Bank of England will announce its December interest rate decision. Market consensus points to a further 25 basis point cut to 3.75%, marking the fourth rate cut of the year and a new low in three years. According to market forecasts, the probability of a rate cut this time exceeds 90%, with at least one more adjustment expected before the end of April next year.
Notably, economists anticipate the voting result
