UBS pushes back BoE cut calls; now expects the BoE to deliver two 25bps cuts each in November 2026 and February 2027 (prev. 25bps cuts in April and July 2026)

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Context

UBS's revision of its Bank of England (BoE) cut timeline reflects a more dovish outlook compared to previous expectations. By pushing back anticipated cuts to 2026, it signals a belief that the monetary easing will be more gradual, which could impact GBP's strength and influence fixed income pricing as markets adjust to this updated rate path.

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