Goldman Sachs lowers peak U.K. interest-rate forecast ahead of meeting
Goldman Sachs has lowered its estimate of the peak U.K. interest rate, even as it forecasts a quarter-point increase by the Bank of England on Thursday.
Economists James Moberly and Sven Jari Stehn say the U.K. central bank will take rates to 5.5%, from 5.25%, but no longer see one additional rate hike in November.
Source: Market Watch
