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***Probability of a second rate hike at May...>

SONIA
SONIA: ***Probability of a second rate hike at May 2018 MPC meeting has fallen
to 56% from 74% according to PMI PINCH calculations following BoE announcement.
While Markets have now pushed out the pricing of another full 25bp rate hike to
November 2018 from August 2018. Markets now eye comments from BoE Governor Mark
Carney.

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