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More sell-side institutions have switched to....>

BOE
BOE: More sell-side institutions have switched to Jan BoE cuts today including:
- TD Securities: "Today's poor retail sales report was the final nail in the
coffin for our BoE call. We now look for a rate cut this month, plus a follow-up
cut in May. The economy seemed to be heading into 2020 on a much weaker footing
than we had anticipated. We are skeptical that sentiment will pick up
sufficiently in order to boost investment and growth to begin the year."
- Societe Generale: "The low inflation and retail sales data this week tip the
balance towards a rate cut. With 4Q and 1Q GDP growth also set to disappoint, we
expect that cut to be followed by a second in May. At this stage, we do not
expect a re-opening of the QE programme."

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