Economists and traders agree: two Bank of England interest-rate increases this year is looking increasingly unlikely.
A Bloomberg survey of economists earlier this week found that analysts only expect one move this year, while data showing U.K. inflation has slowed to the weakest level in a year saw traders pare bets on the pace tightening.
While a hike in May is still expected, albeit with slightly reduced certainty, investors now see about a 40 percent chance of a follow-up in November, down from more than 50 percent last week.
Source: Bloomberg Pro Terminal
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