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May rate cut close to priced in OIS

UK
Another big day for upside Sterling option, looking at no deal Brexit, but more, targeting Rate cut in the 1st quarter of 2021.

LOOKING at OIS (as per Bloomberg) and implied bps. Rate cut in May is close to fully priced, and fully priced for June

Meeting
  • 09/17/2020: 0.055
  • 11/05/2020: 0.040
  • 12/17/2020: 0.010
  • 02/04/2021: -0.030
  • 03/18/2021 -0.035
  • 05/06/2021 -0.065
  • 06/24/2021 -0.085
  • 08/05/2021 -0.090

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