UBS: The latest view is that the Fed will cut interest rates by 100 basis points before the end of the year

BlockBeats news, on August 9, UBS Global Wealth Management said that GBP/USD may strengthen in the rest of the year because the Fed may cut interest rates more than the Bank of England.

UBS analysts said in a report: "Our latest view is that the Fed will cut interest rates by 100 basis points before the end of the year, while the Bank of England will only cut interest rates by 50 basis points during the same period, so fixed income investment flows will increasingly tend to GBP/USD higher." They said that GBP/USD may rise to 1.30 by the end of the year. (Jinshi)