BOE rate cut bets drop amid positive UK economic data - BBG
|The BOE is less likely to slash rates in the upcoming months as recent strong UK fundamentals continue to defy Brexit-vote led gloomy forecasts.
The probability of an interest-rate cut by year-end dropped below 20% Monday after the British factories booked their best month in more than two years in September. That’s down from around 50% in July.
The rate cut probability data is compiled by Bloomberg using swaps on the sterling overnight index average.
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