Bank of England has cut interest rates by 25 basis points to 4.75%, in line with market expectations. The Bank of England stated that 8 members voted in favor of a 25 basis point rate cut, while 1 member supported keeping rates unchanged.
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The Bank of England cut interest rates by 25 basis points to 4.75%, in line with market expectations
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The US will release a series of employment data tonight, and the probability of an interest rate cut has reached as high as 94%.
according to the schedule, at 20:30 tonight, the number of Challenger job cuts in the US for November will be released; at 21:30, the US initial jobless claims for the week ending November 29 will be announced, with an expected value of 220,000. In addition, at 23:00, the US Global Supply Chain Pressure Index for November and the US factory orders month-on-month rate for September will also be released. Although tonight's employment data is relatively important, the market is currently highly betting on a 25 basis point rate cut by the Federal Reserve in December. As of the time of writing, the probability of this event on Polymarket has reached as high as 94%. -
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