Salient to Investors:
Arne Rasmussen at Danske Bank said the outlook for the UK economy and the pound are bad and today’s jobs data is disappointing. Rasmussen says investors should not underestimate the possibility the BOE will act aggressively to support growth, and expects the pound to fall much further.
Mike Amey at Pimco says they are underweight longer-maturity gilts because the 30-year gilt yield of 3.03 percent provides scant protection when inflation is taken into account.
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