Here's your summary from Ducrozet: BOE Readying For A Rate Cut In August (https://www.youtube.com/watch?v=-MDCIY3FIAI) on the Bloomberg Television channel:

### TLDR:

The Swiss National Bank cut rates due to low inflation and strong currency, while the Bank of England is likely preparing for a rate cut in August.

### Key Points:

1. The Swiss National Bank cut rates due to low inflation and concerns about a strong currency driven by events in France.

2. The Bank of England is showing signs of readiness for a rate cut in August, with some members already voting for cuts.

3. European markets are concerned about widening spreads, particularly in France, which could lead to further volatility depending on election outcomes.

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