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Pricing massively up following Fiscal Statement

BOE
  • 85bp priced for November (up from 75bp this morning).
  • 156bp priced by December (up from around 138bp).
  • August 2023 now pricing 297bp of additional hikes - so almost fully pricing 5.25% - adding in more than one whole 25bp hike over the next 12 months to market pricing since yesterday's close and around 50bp since Tuesday.

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