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Bank of England Rate Cuts Loom Amid Rising Unemployment

10/19/2025

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Summary

Story summary

Market expectations for Bank of England rate cuts remain strong, with a 46 basis point reduction this year, though dissent exists on pace.
Megan Greene of the Bank of England said at an Atlantic Council meeting that unemployment rose to 4.5%, indicating wage pressures may ease.
The British Pound traded mixed, strengthening against the Euro but weakening against the U.S. dollar, with heightened volatility anticipated.

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Story summary

Market expectations for Bank of England rate cuts remain strong, with a 46 basis point reduction this year, though dissent exists on pace.
Megan Greene of the Bank of England said at an Atlantic Council meeting that unemployment rose to 4.5%, indicating wage pressures may ease.
The British Pound traded mixed, strengthening against the Euro but weakening against the U.S. dollar, with heightened volatility anticipated.