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There is little change in MNI PINCH pricing of...>

UK
UK: There is little change in MNI PINCH pricing of UK rate hikes this year
following weaker than expected UK inflation data, as per MNI POV earlier, the
markets had already rallied sharply this morning and there was little appetite
to push it higher.
- MNI PINCH calculate just under a 43% chance of a 25bp rate hike in August,
from just over 43% seen 15 minutes prior to the release.
- As for November, chance of a rate hike is now 79%, up slightly from the 77%.

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