CBA like GBP lower - weak GDP, likely BoE rate cut

Author: Eamonn Sheridan | Category: Central Banks

CBA like sterling down to under 1.27, citing 

  • slow GDP growth
  • Likely Bank of England interest-rate cut at the January 30 meeting … and if not Jan, then in March
More: 
  • rate cut is clearly needed
  • economy slowest growth in 10 years
  • inflation at 1.5%, slowest in 2 years
  • trade deficit, current-account deficit will keep capping GBP on any rallies
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Rate cut talk has ignited after this over the weekend:

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