LONDON (Reuters) – Money markets on Friday were pricing in even less chance of a Bank of England rate rise in 2019 than on Thursday, with investors dialing back expectations of monetary tightening as Prime Minister Theresa May battles to salvage her Brexit deal.
Investors now price in an 86 percent chance of a 25 basis point rake hike before 2020
Markets had fully priced in a rate rise for next year before a wave of ministerial resignations on Thursday plunged May’s Brexit deal into jeopardy, sparking a sharp drop in sterling and a slide in British gilt yields.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.