BOE rate cut bets drop amid positive UK economic data - BBG

Dhwani Mehta FXStreet

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.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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