The market pricing now sees 34 bps of easing in 2025 in comparison with 41 bps earlier than the UK CPI launch. The subsequent minimize is absolutely priced in for November.
This remains to be a bit excessive in my view and I might count on some extra hawkish repricing within the subsequent weeks and months for the BoE and for different main central banks.
This article was written by Giuseppe Dellamotta at www.forexlive.com.
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