A look at the BOE rates pricing ahead of the policy decision later

And I don’t think that will change after the BOE decision, as they are likely to stick with the status quo. The odds of a June move are priced at ~46% with August pretty much fully priced in at ~96% now. As for the year itself, traders are anticipating at least two rate cuts with ~53 bps worth of rate cuts priced in by the December meeting.

Let’s see if the BOE has the appetite to shake things up later.

This article was written by Justin Low at www.forexlive.com.