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Post by martinshrew on Nov 3, 2022 10:02:19 GMT 1
Looks like the base rate could be 3% as of midday.
I can't see things being semi-formal until well into 2023 now.
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Post by frankwellshrews on Nov 3, 2022 10:08:55 GMT 1
The Fed raised 75 bps yesterday, so wouldn't be at all surprised to see BoE do the same. Seems to be "priced in" now though with the general consensus it could have been a lot "worse" (depending on your point of view) if Truss and Kwarteng had been allowed to carry on down their preferred path.
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Post by sheltonsalopian on Nov 3, 2022 11:16:02 GMT 1
The pound is sliding this morning which means people are thinking the BoE will back out of the suspected 0.75 rise in favour of a 0.5 rise.
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Post by martinshrew on Nov 3, 2022 11:43:21 GMT 1
The pound is sliding this morning which means people are thinking the BoE will back out of the suspected 0.75 rise in favour of a 0.5 rise. If they don't rise by 0.75 then they truly are being irresponsible. I think the government was on a sticky wicket questioning the BOE, but if they don't rise 0.75 and stay lagging behind they deserve it. |
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Post by frankwellshrews on Nov 3, 2022 12:18:04 GMT 1
The pound is sliding this morning which means people are thinking the BoE will back out of the suspected 0.75 rise in favour of a 0.5 rise. Back at $1.13 now. Does look like the market is betting on a lukewarm raise. Yawn. Here we go again. |
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Post by sheltonsalopian on Nov 3, 2022 12:23:56 GMT 1
The pound is sliding this morning which means people are thinking the BoE will back out of the suspected 0.75 rise in favour of a 0.5 rise. If they don't rise by 0.75 then they truly are being irresponsible. I think the government was on a sticky wicket questioning the BOE, but if they don't rise 0.75 and stay lagging behind they deserve it. Agreed, saying that as someone with a mortgage they can't keep getting outpaced by the fed. Looks like they want a long slow recession instead of a sharp and fast one. |
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Post by northwestman on Nov 3, 2022 16:33:57 GMT 1
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