Investors bet on rate cuts ahead of Bank of England and European talks

<img width="562" height="316" src="https://www.leaprate.com/wp-content/uploads/2020/03/bank_of_england_2d_ryanking999-100804672-large.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="" decoding="async" style="float: left; margin-right: 5px;" link_thumbnail="" srcset="https://www.leaprate.com/wp-content/uploads/2020/03/bank_of_england_2d_ryanking999-100804672-large.jpg 1200w, https://www.leaprate.com/wp-content/uploads/2020/03/bank_of_england_2d_ryanking999-100804672-large-768×432.jpg 768w, https://www.leaprate.com/wp-content/uploads/2020/03/bank_of_england_2d_ryanking999-100804672-large-245×138.jpg 245w, https://www.leaprate.com/wp-content/uploads/2020/03/bank_of_england_2d_ryanking999-100804672-large-500×281.jpg 500w" sizes="(max-width: 562px) 100vw, 562px" /><p>Investors are turning their attention to talks between the <a href="https://www.leaprate.com/news/bank-of-england-hounded-by-think-tank-over-uk-interest-hikes/" target="_blank" rel="noopener">Bank of England (BOE)</a> and the European Central Bank (ECB) which are set to take place later this afternoon. According to experts, the main point of conversation will be the easing of global rates, depending on whether neighbouring markets are ready for such decisions.</p>
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<p>Craig Erlam, senior market analyst at Oanda, stated:</p>
<blockquote><p>There’s been a lot of debate in recent weeks about whether investors are getting ahead of themselves, too optimistic about how quickly the Fed will cut rates — but the message from the central bank is that is not the case.</p></blockquote>
<p>The dollar decreased to a four-month low this week, before clambering back some losses, while the yen managed a resistant climb of over 1%. Investors will need to wait for crucial data on US retail sales and initial jobless claims (as well as the verdict from the BOE and ECB) to assess the potential of any rate cuts.</p>
<p>The post <a rel="nofollow" href="https://www.leaprate.com/forex/social-trading/investors-bet-on-rate-cuts-ahead-of-bank-of-england-and-european-talks/">Investors bet on rate cuts ahead of Bank of England and European talks</a> appeared first on <a rel="nofollow" href="https://www.leaprate.com">LeapRate</a>.</p>