BOE odds hardly changed after the UK CPI report yesterday ...Middle East

In any case, traders are not looking too much into all of that as such. The odds of a May rate cut were ~71% previously but are now down to just ~68%. As for the entirety of the year, traders are still looking for ~50 bps of rate cuts by the final meeting in December. So, that hasn't changed.

This article was written by Justin Low at www.forexlive.com.

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