Analysts at Goldman Sachs said in the latest client note that they see the Bank of England (BOE) by 50bps at its March meeting. The impact of the virus outbreak will push the UK economy to the edge of a recession, the bank said. Its worth noting that the OIS money markets are pricing in a rate cut of about 40bps, with the overnight bank rate seen near 0.30%. Meanwhile, the GBP/USD pair is seen trading with mild gains below the 1.2900 level, at the press time. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Crude Oil Futures: Extra consolidation likely FX Street 3 years Analysts at Goldman Sachs said in the latest client note that they see the Bank of England (BOE) by 50bps at its March meeting. The impact of the virus outbreak will push the UK economy to the edge of a recession, the bank said. Its worth noting that the OIS money markets are pricing in a rate cut of about 40bps, with the overnight bank rate seen near 0.30%. Meanwhile, the GBP/USD pair is seen trading with mild gains below the 1.2900 level, at the press time. Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
