Bank Of England Rate Cut Odds Hit 100% As Growth Estimates Sink Most On Record; Where To For British Pound?
July 31, 2016 at 19:32 PM EDT
Investors believe it’s 100% certain the Bank of England will cut rates at its next meeting. UK interest rates are already at a record low 0.50% but they will sink to 0.25% at the next meeting according to UK interest rate futures.