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MNI: Since the close of Business Friday MNI PINCH....>

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MNI: Since the close of Business Friday MNI PINCH see markets have modestly
increased the pace of US Fed rate hikes for this year and next, but still only
price in three full 25bps rate hikes in 2018 and then a further 1.3 rate hikes
in 2019. There has been no significant change in pricing of the ECB rate path,
however, in the UK the rate path has moved higher following raft of UK data this
week, with markets now pricing in a 65% chance of a 2nd rate hike in November.
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