Live Updates > Live Update Details
2025-11-05 00:11:53
[UBS: Bank of England Prepares to Cut Rates in the Coming Months, But Timing Difficult to Predict] Dean Turner of UBS Global Wealth Management stated that the Bank of England is prepared to cut interest rates in the coming months, but the exact timing is difficult to predict. In a report, he noted, "For investors, it's more important to focus on policy direction than timing." The Bank of England will hold a meeting on Thursday. Most markets expect rates to remain unchanged, but data from the London Stock Exchange Group (LSEG) shows that the money market sees a near 35% chance of an earlier rate cut. UBS expects rate cuts to occur in February and April. Turner stated that the Bank of England may signal this week that a rate cut "will occur at the latest in February, and possibly even in December." He added, "Whatever happens in November, UK interest rates will be lower, so be prepared."
