Goldman Sachs now expects BoE to remain on hold throughout 2026 vs. prior forecast of quarterly cuts from July

Goldman Sachs' revision indicates a more dovish outlook for the Bank of England (BoE) than previously anticipated, suggesting the central bank may not initiate rate cuts through 2026. This shift could lessen pressure on the British pound and affect fixed-income markets, as it implies a prolonged period of accommodative monetary policy, potentially influencing market expectations around inflation and growth in the UK.