Harris or Trump? The world is anxious to know the result of the November 5 vote – and may have to wait long hours for the outcome.
The US presidential election is on a knife edge, implying high volatility and potentially unknown results for days. Bank of England officials are set to preside over a rate cut. The Fed will likely slash borrowing costs by 25 bps, regardless of the election. Markets will also respond to the composition of Congress. The Bank of England and the Federal Reserve will enter the fray afterward. Here is a preview of this week's dramatic events.
Such a calming force could temporarily contrast the long-term trends described above. In general, the faster the outcome is known, the better for Stocks. If there is one thing investors hate, that's uncertainty. 2) BoE set to cut rates by an overwhelming majority Thursday, 12:00 GMT. Inflation has been coming down in the UK, allowing officials at the Old Lady to loosen monetary policy further. BoE Governor Andrew Bailey will likely preside over a 25 basis point cut, setting rates at 4.75%.
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