TD Securities: The Bank of England is expected to cut rates by 25 BP in November.

On September 18, Jin10 reported that James Rossiter, global macro strategy director at TD Securities, stated: “We expect the Central Bank of the UK to cut rates by 25 basis points again in November. The bank has decided to reduce the annual selling scale of UK government bonds purchased from 2009 to 2021 from £100 billion to £70 billion, a move that did not exceed our expectations—because the market has formed a broad Consensus on this adjustment scale. Despite speculation that the Central Bank of the UK may adjust the wording of its statement, it has proven that its position remains conservative.”