UBS’s call is practically the one everyone has been waiting for. But the main thing to watch for will be any dissent or any signs that they might scale back these cuts down the road. Regarding the oil market outlook, UBS notes that “oil remains, in our view, a valid geopolitical hedge and we expect Brent crude to trade at around $87 per barrel by the end of the year”.
This article was written by Justin Low at www.forexlive.com.
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