Last weekend MPC member Saunders dashed BoE rate hike hopes citing Omicron uncertainty. Since then we have the UK announcing some restrictive measu
Last weekend MPC member Saunders dashed BoE rate hike hopes citing Omicron uncertainty. Since then we have the UK announcing some restrictive measures and now today’s GDP was a miss.
Sonia futures are also now pricing out a hike for next week with only a 0.08 bps move priced in. The December 2022 pricing is now below the BoE projection from their last meeting at 0.87. The BoE projected a 1.00 % rise.
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