The Pound Sterling (GBP) posts modest gains versus the US Dollar (USD) late on Monday’s North American session after seesawing in an 80-pip range, tho
Bank of England
Interest rate probabilities show the BoE’s chances for a 25 bps rate hike at 79%, ten days before Andrew Bailey and Co. release their decision. Following their decision in September, money market futures expect no more rate increases compared to last week’s projections, with swaps pricing in 20 bps of increases for March 2024.
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