MIKE DOLAN: Japanese move could help with BoE rate cut window
If the dollar comes off the boil generally, there could be a bolder view in London for a June cut
09 May 2024 - 05:00
London — If worries about sterling were a factor preventing the Bank of England (BoE) cutting interest rates too far ahead of the US Federal Reserve, then Japan’s dollar-selling intervention may, weirdly, help keep its options open.
Britain’s central bank will announce its latest policy decision on Thursday. While it’s unlikely to change base rates this week, there’s speculation about whether it may guide markets towards a cut as soon as June — just two weeks after a widely flagged move from the European Central Bank (ECB) on June 6...
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