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For your information, you can find below the description of the video Trump Aides Defend Gaza Takeover Proposal, Bank of England Rate Cut Bets | The Opening Trade 02/06 published by the Youtube channel Bloomberg Television:
Aides to President Donald Trump sought to tone down his idea of depopulating and taking over Gaza after his suggestion that the US would “own” the war-ravaged territory was welcomed in Israel but widely condemned elsewhere. No one, including Israel, was expecting Trump’s public suggestion on Tuesday that his country step in and rebuild the coastal Palestinian territory, creating what he called a new “Riviera.” The Bank of England is expected to cut interest rates for a third time on Thursday while downgrading its UK growth forecasts and predicting higher inflation this year in a report that will make uncomfortable reading for Chancellor of the Exchequer Rachel Reeves. Economists and traders expect the Monetary Policy Committee to press ahead with a quarter-point reduction in its benchmark rate to 4.5%, the lowest level since June 2023. A survey by Bloomberg suggests the vote will be split 8-1 in favor of a cut. The Opening Trade has everything you need to know as markets open across Europe. With analysis you won't find anywhere else, we break down the biggest stories of the day and speak to top guests who have skin in the game. Hosted by Anna Edwards, Guy Johnson and Kriti Gupta.
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