Hi @swamp_rat, Yes I agree that 1/4 pt cut was priced in but that the market was expecting a further sequence of cuts - but basically Powell said in the press conference that this wasn’t guaranteed, that was what made US markets fall post the decision.
BOE meeting today and they might do something but unlikely with brexit as it is, but we’ll see at 12:00.
With so little time before the 31st October no deal is now odds on favourite IMV. Economic disaster or not. So also seems odds on to me that the GBP is likely to fall further now, that’s what the FX sites I have looked at seem to be saying.
All in my personal opinion / conjecture obviously…
Might do my Brookfield purchase this afternoon now, should have done it yesterday but there you go…