Bank Of England policymaker hinted to cut down the rates recently ,Howeever the recent sluggish data release is more complicated for the action.
The OIS market has now fully priced in a 25 bps rate cut by the September meeting with odds of a rate cut by the May meeting sitting at ~88%.
It has been a dramatic rise in odds and pricing.as the January policy meeting is in focus.It may take a bit more than just pre-election data to really tip the scales but if we get more sluggish UK data in the next two weeks – inflation and labor market notably – then Possible it could help the BOE feel easier about releasing their action.
If we have look on the GBPUSD major Currency Currently it is settling at the lower levels as today down -0.15% by making the low of 1.2953.The 4 Hour shift in the chart is negative.The pair is on weekly lows.
The investors eyed on the meetings and key rates for the further movement is Pound