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BOE watch: A 25 bps rate hike is now more favoured in August
Earlier this week, the odds for a 50 bps rate hike in August were seen at around 66% but that has now dropped to roughly 41% with a 25 bps rate hike being favoured, with a probability of 59%. That comes after the UK CPI data here earlier today.Meanwhile, money markets are now pricing a terminal rate of around 5.83% (in February next year) and that is down from roughly 6.04% yesterday. If you're wondering why is it that market pricing can swing so heavily just off of one data point, please do che...
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Posted: Jul 19 2023, 07:31
Author Name: forexlive
Views: 080911