BOE's Bailey: Market fee pricing for February is in an inexpensive place
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- Cannot say when specific fee cuts will happen
- Mustn’t over-interpret newest wage information
The market is pricing at 46% for a February lower and has priced in 52 bps in easing in 2025.
Cable is struggling and giving again earlier beneficial properties. It is buying and selling practically flat now regardless of a broadly weaker USD (ex yen).
This text was written by Adam Button at www.ubaidahsan.com.
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