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European Equities Traded in the US as American Depositary Receipts Lower in Friday Trading, Up 1% for Week
6-K: Progress on share buyback programme
If central bank official Mann further advocates for more aggressive interest rate cuts, the British Pound may extend its decline.
Chris Turner of ING Groep stated in a report that if Bank of England official Catherine Mann further advocates for more aggressive interest rate cuts in her speech, the British Pound may extend its losses. The Bank of England lowered interest rates by 25 basis points last Thursday, but Mann is one of two policymakers leaning towards a 50 basis point cut. Mann indicated that her vote reflects weakness in the labor market and a slowdown in Consumer demand. Turner noted that if she makes further similar statements, it could solidify market expectations for three more interest rate cuts this year, each by 25 basis points.
ING Groep's FY25 Costs Estimate Weighs, RBC Capital Markets Says
ING Groep Price Target Lowered to EUR 18.25 From EUR 18.50 at RBC Capital
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