Bank of England expected to raise interest rates for first time in three years today – business live
Rolling coverage of the latest economic and financial news Looking at the latest money market pricing, a UK interest rate rise today is seen as a 98% chance. The Bank of England will be reassured to see that the oil…
Source: The Guardian ·
Rolling coverage of the latest economic and financial news Looking at the latest money market pricing, a UK interest rate rise today is seen as a 98% chance. The Bank of England will be reassured to see that the oil price has tumbled this week. Peace talks are in rhetoric alone currently. Meanwhile, it’s feared an increasingly lame-duck President Trump could become more active (and arguably reckless) in foreign policy as he seeks to influence policy at a time when there are fewer self-interested reasons to show restraint. For now, market participants are pricing out the geopolitical risk premium that had been baked into the market leading into the midterms on fears the US would launch fresh strikes after the election.