BOE RATE CUT ODDS RISE ABOVE 60% - BLOOMBERG
Traders ramped up bets for the Bank of England (BOE) to lower interest rates in January in following the release of weaker-than-expected UK inflation data on Wednesday.
Markets are currently pricing in a more than 60% chance of a cut in January, up from 44% on Tuesday. A move by May is now almost fully priced in, according to Bloomberg.
(kedaitrader.com)
Impact : Medium
Sentiment : Bad for GBP
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Traders ramped up bets for the Bank of England (BOE) to lower interest rates in January in following the release of weaker-than-expected UK inflation data on Wednesday.
Markets are currently pricing in a more than 60% chance of a cut in January, up from 44% on Tuesday. A move by May is now almost fully priced in, according to Bloomberg.
(kedaitrader.com)
Impact : Medium
Sentiment : Bad for GBP
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