'Narrower' Wiggle Room for BOE Rate-Cuts, JPM Says

The transcript discusses the ongoing market challenges, including a significant budget deficit in the UK, estimated at £9 billion. It highlights the pressure on the UK government to announce measures to contain the deficit due to rising bond yields and interest expenses. The global market's concerns about sticky inflation and potential US tariff increases are also addressed. The Bank of England's limited scope for further interest rate cuts is discussed, emphasizing the challenges in maintaining confidence in monetary policy amidst fiscal pressures.

What concerns are markets globally facing according to the text?

What is the outlook for the Bank of England regarding interest rate cuts?