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75% change of interest rate hike during May from BoE

75% chance for BoE to raise rates in May

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The Bank of England sent bets on higher U.K. interest rates into overdrive on Thursday, saying that borrowing costs may need to rise at a steeper pace than previously thought. The pound soared after the central bank made the comments in its February Inflation Report, while investors moved to price in a 75 percent chance of a hike in May, up from 55 percent before the release. A hike by August is now fully priced in, with another increase seen in May 2019.

Source: Bloomberg Pro Terminal

Trader Bozhidar Arabadzhiev


 Varchev Traders

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