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Just a minor shift in BOE rates pricing right after the decision
Here's a look at how the OIS curve has shifted before and after the BOE policy decision today:It's not much of a change in general as the BOE continues to allude to the fact that they are going to keep tightening policy further so long as the data suggests so. That is regardless of the fact that they have acknowledged that rates are now in restrictive territory.So, yes there might be some backlash against the fact that traders have priced in roughly 32% odds of a 50 bps move today. However, it i...
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Posted: Aug 3 2023, 11:19
Author Name: forexlive
Views: 080736