BOE's Bailey: Market rate pricing for February is in a reasonable place- Can't say when particular rate cuts will take place
- Should not over-interpret latest wage data
The market is pricing at 46% for a February cut and has priced in 52 bps in easing in 2025.
Cable is struggling and giving back earlier gains. It's trading nearly flat now despite a broadly weaker USD (ex yen).
This article was written by Adam Button at www.forexlive.com.
Source: BOE's Bailey: Market rate pricing for February is in a reasonable place (https://www.forexlive.com/centralbank/boes-bailey-market-rate-pricing-for-february-is-in-a-reasonable-place-20241219/)
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