No UK rate shifts expected this week
MARKET NEWS
LONDON -- The Bank of England (BoE) is unlikely to cut UK interest rates at this week’s Monetary Policy Committee meeting, and further adjustments are not expected until late 2001, analysts told FX Week.
Observers said the bank would resist making further cuts while the outlook for the UK economy remains healthy. "Consumer demand is up, and doesn’t justify further interest rate cuts," Jeremy Stretch, currency strategist at RBC Dominion Securities in London, told FX Week.
Weaker exports resulting
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