Gelonghui May 2| Morgan Stanley said markets expect the Bank of England and the Federal ReservedreamplayphThe rate cut is similar, but there is a risk of policy differences, which could drag down the pound against the dollar. Analysts said in the report that for every 100 basis points drop in the U.S. -U.S. -year bond yield margin, the pound/dollar may depreciate by an average of 4.5%.dreamplayph.5%。"If the market prices that the Fed will not cut interest rates this year and the Bank of England continues the easing cycle (our economists expect a 75 basis point rate cut this year), we think GBP/USD may test 1.20 again."
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