ICYMI – Goldman Sachs brings forward its BOE rate cut forecast to May from June previously

<p>Justin had the news on this forecast revision from the investment bank:</p><ul><li><a href="https://www.forexlive.com/news/goldman-sachs-brings-forward-boe-rate-cut-to-may-from-june-previously-20231220/" target="_blank" rel="follow" data-article-link="true">Goldman Sachs brings forward BOE rate cut to May from June previously</a></li></ul><p>It came after data from the UK showed inflation in November hit its lowest rate in over two years:</p><ul><li><a href="https://www.forexlive.com/news/uk-november-cpi-39-vs-44-yy-expected-20231220/" target="_self">UK November CPI +3.9% vs +4.4% y/y expected</a></li><li><a href="https://www.forexlive.com/news/first-boe-rate-cut-now-priced-in-for-may-next-year-20231220/" target="_self">First BOE rate cut now priced in for May next year</a></li><li><a href="https://www.forexlive.com/news/sterling-falls-as-uk-cpi-data-vindicates-market-posturing-on-rate-cuts-20231220/" target="_self">Sterling falls as UK CPI data vindicates market posturing on rate cuts</a></li></ul><p>Goldman Sachs expect:</p><ul><li>interest-rate cut by the Bank of England in May from June</li><li>while maintaining the size of cut at 25 basis points per meeting until the policy rate reaches 3% in May 2025.</li></ul>

This article was written by Eamonn Sheridan at www.forexlive.com.