BoE and Pound Sterling Outlook: Odds of an August Cut Increase to 60%

STORY LINK BoE and Pound Sterling Outlook: Odds of an August Cut Increase to 60%

The BoE kept rates on hold as expected. While there was no commitment to a cut in August, the tone was dovish and markets are now 60% pricing it in. Elsewhere, the SNB surprised markets by making a second cut in a row.

Thursday’s session brought two major central bank meetings from the Bank of England and the Swiss National Bank. Both could be classed as dovish, but it was the SNB who made a major…
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