UBS says markets overestimate BOE rate rises; LSEG data cited
UBS’s Mark Haefele says investors may be overstating upcoming BOE rate rises. The note cites LSEG data on the amount markets are pricing by November 2027.
Investors appear to be pricing in too much tightening from the Bank of England over the coming year, UBS’s Mark Haefele said in a note. LSEG data show markets expecting the BOE to lift interest rates by a total of 101 basis points by November 2027. “The latest underlying inflation data support our view…”