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Modest Dovish Move In BoE Pricing On NFPs

STIR

BoE pricing moves dovishly on feedthrough from the U.S. NFP release, although the moves are fairly limited.

  • ~67bp of cuts are now seen through ’24 vs. ~63bp pre-data.
  • The first 25p cut is fully discounted come the end of the August MPC.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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