Central Banks
Whipsawed UK Traders Get No Rest With BOE Rates Anyone’s Guess
- UK rates volatility on the rise while easing in US and Europe
- BOE Governor Bailey has delivered market surprises in the past
A construction worker near the Bank of England in the City of London.
Photographer: Hollie Adams/BloombergThis article is for subscribers only.
Volatility is rising in UK bond markets ahead of a knife-edge interest-rate decision from the Bank of England.
While money market pricing and economist surveys tilt toward a quarter-point hike on Thursday, investors are bracing for a surprise, with Goldman Sachs Group Inc, HSBC Holdings Plc, Barclays Plc and UBS Group AG envisaging 50 basis points of tightening.