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Maroc Maroc - FINANCIALMIRROR.COM - A La Une - 16/Oct 13:23

BoE slow rate cut approach could weaken pound

With inflation in the UK easing to 1.7% in September, the Bank of England is expected to take a steadier approach to rate cuts, further weakening the pound. For investors in Britain and internationally, this shift demands urgent attention, according to Nigel Green, CEO of deVere Group, a leading independent financial advisory and fintech. “The recent drop in core inflation from 3.6% to 3.2%, alongside the overall slowdown, suggests that the BoE will likely maintain gradual 25-basis-point rate cuts from November onwards. We think rates will ultimately come down to 3%,” he noted. “However, the fiscal policies to be outlined in

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