July 29th, 2024
Fed, BoJ and the UK MPC meet this week with all meetings having scope surprise
The Fed seems likely to leave rates unchanged but to give a clearer direction that the scope for rate cuts is opening up
The BoJ and UK MPC have an opportunity to change rates in keeping with market hopes - the BoJ to increase rates and the UK to cut rates.
A rate hike is needed in Japan to calm the currency market.
A UK rate cut would reinforce the recent equity market rally
