BOE Rate Cut Probability Falls Amid Positive U.K. Numbers: Chartby
Traders increasingly expect the Bank of England to refrain from further monetary stimulus this year as the U.K. economy continues to defy the gloomy forecasts made before the June 23 decision to leave the European Union. The probability of an interest-rate cut by year-end dropped below 20 percent Monday after a report showed British factories had their best month in more than two years in September. That’s down from around 50 percent in July.