The market has certainly noticed the slowing inflation with the pound down 65 pips today to the lowest since mid-August.
The market is 95% priced for a 25 bps cut in November but only about 75% priced for another cut in December. That’s too low.
- Inflation below target pushed around by annual base effects
- High savings rate reflects consumer caution
This article was written by Adam Button at www.forexlive.com.
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