BOE Update : BOE rate hike probability drop to 10%

BOE Update : Money markets show that the implied probability of a 25-basis-point-rate increase this week is less than 10 percent, compared with more than 90 percent at the start of April.

(kedaitrader.com)

Rate hike probability

Current : 9.8%
Previous : 91.40% (Apr)

Impact : Medium
Sentiment : Bad for GBP


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