TechFlow news, according to Jinshi News, the latest research report from Morgan Stanley indicates that the Bank of England (BOE) is inclined to maintain a gradual pace of rate cuts, which could support the British pound. The report notes that although the BOE cut rates by 25 basis points and two committee members supported a 50-basis-point cut, forecasts suggest inflation will remain persistent. Morgan Stanley recommends investors buy GBP/USD with a target price of 1.2700 and a stop-loss at 1.2300.
Bank of America analysts believe that due to concerns over inflation, the likelihood of a BOE rate cut in March is low, with the next cut expected in May. The bank forecasts that the BOE will maintain a quarterly rate-cutting pace for the remainder of 2025 and emphasizes that, amid heightened uncertainty, the central bank will adopt a "cautious" and gradual approach to policy adjustments.
