BOE rate hike expectations are higher than yesterday
Taking a quick look at the Bloomberg metric of hike probailities, we’re higher today than we were yesterday. The chances of a Nov hike to 0.50% stood at 82.1% yesterday, and that had risen to 82.8% today.
Looking at today’s moves, we could probably put them down to normal day to day noise rather than an actual shift in hike expectations. While those remain stable, the pound isn;t likely to stray far unless we get any really big tapebombs.