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Whatever the BOE decides today, there will be disappointment

Whatever the BOE decides today, there will be disappointment
And the remaining odds? Well, they are siding with a 50 bps move instead. Keep in mind, that those odds were roughly flipped at one point yesterday after the hot UK inflation data as seen here.As such, a 25 bps move will be disappointing for those expecting a more hawkish move by the BOE. However, there is perhaps some cushion if the Bailey & co. tees up a more hawkish rhetoric ahead of August.Right now, there is roughly 67 bps worth of rate hikes priced in over the next two meetings. That sugge... Read More
Posted: Jun 22 2023, 10:21
Author Name: forexlive
Views: 081166

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