BoE's Breeden says it is reasonable to expect rate cuts across the next couple of meetings if the economy evolves as expected

BoE's Breeden says it is reasonable to expect rate cuts across the next couple of meetings if the economy evolves as expected.

The BoE's Breeden suggests a dovish outlook with potential rate cuts in the upcoming meetings, contingent on economic performance. This indicates a shift in monetary policy stance, which the market may interpret as a signal that growth concerns are prevalent. Traders should consider how this could impact GBP and fixed income markets, particularly as it may lead to a shift in expectations for rate trajectories across assets.