to early for speculation. earlier i put that to victoria scholar is head of investment at interactive investor. the uk money markets, they are anticipating rate cuts next year but not untiljune, that is when the first rate cut is pencilled in. that was actually pushed back after today s decision, from the previous estimation that the bank of england would cut rates in may. financial markets are pricing in a one percentage point move of rate cuts in 2024, that would get down to 4.25% from where it is now. but the governor was a lot more cautious than the markets, he says the markets have their own view and he thinks it is too early to speculate about rate cuts. clearly, he s been about rate cuts. clearly, he s been a lot more dependent on the data. i think this main takeaway is that the bank of england is being more cautious in its outlook than the fed. it cautious in its outlook than the fed. , , . fed. it is interesting that the lan . ua . e fed. it is interesting that the l