BoE to deliver 50bps in rate cuts in total for 2024 – TDS

Bank of England meeting didn’t surprise the market and was unphased by this week's stronger than anticipated service inflation data, Pooja Kumra, Senior European & UK Rates Strategist at TDS, notes.
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USD/CAD Price Analysis: Backs down to 50-day SMA after Triangle breakout

USD/CAD has continued pulling back after decisively breaking out of a Symmetrical Triangle (ST) pattern on the daily chart.
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