March 20, 2025 14:53 GMT
STIR: Less Than 50bp Of BoE Cuts Now Priced Through December
STIR
The post-BoE hawkish drift has also extended a little in the short end of the GBP curve as U.S. equities rebound, with markets no longer pricing 2 full 25bp cuts through year end (~48bp priced vs.~56bp into the BoE decision).
- Further forwards, just over 15bp of easing now priced in for the May meeting vs. 20bp pre-decision, ~19bp showing through June vs. 26bp pre-decision and 31bp showing through August vs. closer to 40bp ahead of the BoE.
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