Forbes Vote Pushes Market to Bet on Earlier BOE Rate Hike: Chart
This article is for subscribers only.
Kristin Forbes’s lone call for a Bank of England rate increase this month has rippled through money markets, which show increasing bets on a hike by mid-2018. The implied odds of a 25 basis-point boost by September 2018 have climbed to 80 percent, compared with 60 percent yesterday and 22 percent at the end of February.