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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
- A 25bp hike is fully priced for this week’s MPC meeting, with markets pricing in around a 1/3 probability that the Bank of England vote for a larger 50bp hike.
- Market pricing for August has increased even more significantly, with markets now pricing in around 81bp of hikes (i.e. fully pricing a 50bp hike in one of the next two MPC meetings). This is up around 25bp since the aftermath of the May MPC meeting with around half of that move coming since last week’s ECB meeting and higher-than-expected US CPI report.
- We think that there is likely to be enough support for most (or “the majority”) of members to continue with the previous forward guidance for this month at least.
Full document:
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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