Rates markets are pricing in faster policy normalization for the BOE
With the Bank of England just a few days away, it’s always a good idea to reflect on the rates market and see what it’s pricing in.
Looking at the SONIA quarterly futures rates we can see that markets are pricing in much faster policy normalization for the UK compared to the likes of the FED....
Important updates on the UK side for those in UK related assets. A game changer cabinet reshuffle to put a 🍒 picked “Yes man” in the Treasury. Downing Street making renovations and now in full control of not only No.10 but also No.11 (and scarily soon to be the BOE next month).
Sunak will turn the fiscal taps on full blast, the fuel behind fiscal stimulus will...