Free Trial
COLOMBIA

New Government Proposes $5.76B Tax Reform

OPTIONS

Large Euribor Upside And Some Bund Variety

US EURODLR FUTURES

Eurodollars Inversion Builds Into Greens

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access
  • Along with every analyst preview that we have read, the MNI Markets team expects a 25bp hike this week. Markets are pricing in just under 31bp for the meeting, which if at least a 25bp hike is assumed, equates to just over a 20% probability of a 50bp hike.
  • We think that the biggest thing that could impact market pricing would be the removal of “coming months” from the forward guidance.
  • Without a change in the guidance, a 50bp hike would be hawkish, even if it is accompanied by a wafer thin majority.
  • Conversely, if there are more than 2 MPC members voting for rates to remain on hold (with Cunliffe and probably Tenreyro joined by one other) this would likely see a dovish reaction.
  • For the full MNI preview including the summaries of 22 sellside views, see the full document.
Full document:

MNI BoE Preview - May22.pdf

MNI London Bureau | +44 203-865-3820 | tim.davis@marketnews.com
MNI London Bureau | +44 203-865-3820 | tim.davis@marketnews.com

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.