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The Bank of England is likely to take another step towards its first interest rate cut in four years on Thursday as inflation falls, but will probably be cautious about signalling that a move is imminent. The central bank is widely expected to keep its benchmark Bank Rate on hold for a sixth meeting in a row at 5.25% - the highest since 2008 - after its May ...
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It's been a tale of two assets—crude oil dropping while exchange-traded funds tracking the commodity rise. Over the past 30 days, the price of the closely watched West Texas Intermediate crude oil futures has declined by 8.5% with the price falling below its 100-day moving average. Over that same period, the largest pure-play oil ETF, the $1.4 billion ...