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The soft then expected UK service PMI has.....>

SONIA
SONIA: The soft then expected UK service PMI has pretty much killed off any
chance the BoE raising rates next week with MNI PINCH now calculate only a 10%
chance of a 25bp rate hike in May down from 20% seen yesterday.
- The chance of the rate hike coming in August has also slipped today and is now
seen at 60%, compared to 73% at close of business yesterday.
- Markets now see next rate hike coming in November with 92% chance of a rate
hike, followed by another one 9-months later, according to the MNI PINCH.

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