Jin10 data reported on August 7th that LSEG's data shows that the currency market expects an 81% probability of the Central Bank of the UK cutting interest rates in December, down from the 96% expected before the rate decision. The market also believes that the likelihood of the Central Bank of the UK cutting rates in November is only about one-third, which will maintain the Central Bank of the UK's recent pace of quarterly rate cuts. EFG Asset Management analyst Joaquin Thul stated in a report that the Central Bank of the UK may remain cautious as it expects inflation to reach twice the 2.0% target level by September.
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The market drops the expectation of a rate cut by the Bank of England.
Jin10 data reported on August 7th that LSEG's data shows that the currency market expects an 81% probability of the Central Bank of the UK cutting interest rates in December, down from the 96% expected before the rate decision. The market also believes that the likelihood of the Central Bank of the UK cutting rates in November is only about one-third, which will maintain the Central Bank of the UK's recent pace of quarterly rate cuts. EFG Asset Management analyst Joaquin Thul stated in a report that the Central Bank of the UK may remain cautious as it expects inflation to reach twice the 2.0% target level by September.