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CB pricing update ahead of the BOE

EUROPE
  • Markets pricing in around 22bp for today's BOE meeting with a cumulative 38bp by the May meeting, 49bp by June and a terminal 53bp by September. At yesterday's close there was 56bp cumulatively priced by June with a terminal 66bp by September.
  • For the ECB markets price around 23bp for May, a cumulative 50bp by July and a terminal 53bp by September. At yesterday's close a terminal 56bp was priced.

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