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Statement about Taylor Swift – Fringe Revolution

Taylor Swift’s record-breaking Eras tour continues to spur consumer spending as it enters the UK leg, suggesting the Bank of England may not be out of the woods yet in the fight against inflation.

With hundreds of thousands of eager Swifties flocking to London in August to sing at her final show in the UK, the economic boost may be enough to postpone a possible coronavirus pandemic in September, according to investment bank TD Securities Cut interest rates.

Lucas Krishan, macro strategist at the bank, and James Rossiter, global head of macro strategy, said: “We still expect the Bank of England to cut interest rates in August, but inflation data for the month may keep the MPC (Monetary Policy Committee) on hold in September. “, wrote in a report on Friday.

This is More from CNBCfrom D. Sparks seismic activity at Edinburgh show.



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