Hao Zhou, Chief Economist at GTJAI, tells Steven Filby that while he was surprised by the choice of a 50 basis point cut, the market had priced it in, but there are uncertainties ahead. Enzio von Pfeil, a capital preservation specialist at Financial Shield, adds that it’s important to remember the traditional lagged effects of a cut actually feeding through. Paul Benson, Head of Systematic Fixed Income at Insight Investment, says markets are now focused on signalling for what the future holds and we could see a more challenging environment ahead.