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<p style="color:#333333;font-weight:normal;font-size:16px;line-height:30px;font-family:Helvetica,Arial,sans-serif;hyphens:auto;text-align:justify;" data-flag="normal">Bond giant Pimco is betting on a fall in UK inflation that will, in turn, allow the Bank of England to cut interest rates further than traders currently expect, arguing that there is “nothing that special” about the price pressures affecting the country.</p><p style="color:#333333;font-weight:normal;font-size:16px;line-height:30px;font-family:Helvetica,Arial,sans-serif;hyphens:auto;text-align:justify;" data-flag="normal">The manager of $2tn in assets has an overweight position relative to the benchmark index in five-year gilts, which stand to benefit from more aggressive BoE rate cuts.</p><p style="color:#333333;font-weight:normal;font-size:16px;line-height:30px;font-family:Helvetica,Arial,sans-serif;hyphens:auto;text-align:justify;" data-flag="normal">“We don’t think the UK economy will prove to be a ...