British inflation plunged in November to its lowest rate in over two years, prompting investors to pile further into bets that the Bank of England will cut interest rates next year.
(Reporting by Roshan Abraham in Bengaluru; Editing by Arun Koyyur)
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
492.2 USD | +2.57% |
|
+5.90% | +27.60% |
12:01pm | Morning Bid: Powell stirs rate hopes, Trump trade cools | RE |
11:53am | Morgan Stanley Adjusts Price Target on Goldman Sachs Group to $513 From $475, Keeps Overweight Rating | MT |
(Reuters) - Goldman Sachs on Wednesday advanced its expectation on the timing of interest-rate cut by the Bank of England to May from June, while maintaining the size of cut at 25 basis points per meeting until the policy rate reaches 3% in May 2025.
British inflation plunged in November to its lowest rate in over two years, prompting investors to pile further into bets that the Bank of England will cut interest rates next year.
(Reporting by Roshan Abraham in Bengaluru; Editing by Arun Koyyur)
Price
|
Change
|
5d. change
|
Capi.
| ||
---|---|---|---|---|---|
492.2 USD | +2.57% | +5.90% | 167B | ||
0.8404 GBX | +0.02% | -0.61% | - | ||
0.7711 GBX | -0.00% | -1.38% | - | ||
0.5638 GBX | -0.00% | -1.73% | - | ||
0.5201 GBX | -0.24% | -1.33% | - | ||
0.009226 GBX | -0.05% | -2.13% | - | ||
1st Jan change | Capi. | |
---|---|---|
+27.60% | 167B | |
+12.88% | 171B | |
+9.11% | 137B | |
+26.63% | 124B | |
-9.38% | 34.83B | |
+8.62% | 25.1B | |
+15.96% | 19.72B | |
+55.03% | 17.85B | |
-21.30% | 17.44B | |
+4.11% | 15.5B |