Investors Price in High Possibility of BOE November Rate Increase

Dow Jones
09/30

1121 GMT - Markets price in over 80% chance of the Bank of England increasing interest rates in November as U.K. GDP data shows resilient growth. The latest quarterly GDP data shows U.K. economy expanded by 0.5% in the second quarter, better than the 0.4% consensus forecast by economists in a WSJ survey. This raises the possibility of the BOE increasing interest rates in the coming months, to tackle inflation. Investors fully price in a total of four BOE rate increases by July 2027, LSEG data show.

 

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