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GBP/NZD: Weekly Analysis & Forecast

Money markets trimmed wagers on Bank of England interest-rate cuts after the first acceleration in euro-area inflation since April.

Traders are betting on fewer than five quarter-point reductions this year, according to swaps tied to monetary-policy meeting dates. That’s the first time in more than two weeks, when UK inflation numbers spurred wagers on as many as one-and-a-half percentage points of rate cuts.

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