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BoE: While the market still seems convinced.....>

BOE
BOE: BoE: While the market still seems convinced that the BoE will hike in May,
according to MNI PINCH, which is pricing in a 79% probability of a 25bps hike at
the May MPC meeting, confidence this will be followed by a second hike later in
the year has declined after the negative surprise from the UK inflation data.
MNI PINCH shows the probability of a further 25bps hike in November falling to
37% from above 50% before this morning's data release. A second 25pbs rate hike
by the BOE is now not fully priced in until May 2019, according to MNI PINCH.

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