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UK rate cuts uncertain as trade wars and economic unpredictability concern Bank of England.
UK interest rate cuts are now more uncertain due to global economic unpredictability and the US-China trade war.
Bank of England Governor, Andrew Bailey, highlighted genuine concerns about escalating trade tensions and their impact on the UK economy.
While the UK-US trade agreement is seen as positive, it leaves tariffs higher than before.
Bailey emphasized the need for the UK to rebuild trade with the EU, its largest trading partner, post-Brexit.
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Los recortes de tasas en el Reino Unido son inciertos, ya que las guerras comerciales y la imprevisibilidad económica preocupan al Banco de Inglaterra.