UBS: The latest view is that the Fed will cut interest rates by 100 basis points before the end of the year

UBS Global Wealth Management said that the pound sterling against the U.S. dollar GBP/USD may strengthen in the rest of the year because the Federal Reserve may cut interest rates more aggressively than the Bank of England. UBS analysts said in a report: "Our latest view is that the Fed will cut interest rates by 100 basis points by the end of the year, while the Bank of England will only cut interest rates by 50 basis points during the same period, so fixed income investment flows will increasingly favor higher GBP/USD." They said that GBP/USD could rise to 1.30 by the end of the year. (Jinshi)