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What's different a year after the wildfires? | SaltWire #novascotia #firefighting #wildfires #newsInvestors are wearing their risk-on hats ahead of the weekend as renewed hopes of monetary easing take hold, a day after the Bank of England opened the door to rate cuts, taking London stocks to record highs and weighing on the sterling.Key economic data, including first quarter GDP figures for the UK, will likely sway the markets on Friday.
The BOE paved the way on Thursday for the start of interest rate cuts as soon as next month and Governor Andrew Bailey said there could be more reductions than investors expect. However, the latest data showed signs of easing jobs market, boosting some expectations around rate cuts this year.
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