RBC becomes first major bank to forecast BoE rate cut this year
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LONDON (Reuters) - The Bank of England will be forced to cut interest rates this year because of rising risks to Britain from Brexit and global trade tensions, Royal Bank of Canada predicted, the first major bank to make such a call.RBC, a primary dealer of British government bonds, said in a research note to clients that the BoE will soon have to ditch its main message that rates will need to rise at some point - even if Brexit goes smoothly.Financial markets are increasingly reflecting the..