U.K. Rate-Cut Bets Soar After Carney’s Pledge on Economy: Chart
(Bloomberg) -- Traders raised bets on a U.K. interest-rate cut before August as Bank of England Governor Mark Carney pledged to safeguard the economy after Britain voted to leave the European Union. “Some monetary-policy easing will likely be needed over the summer,” Carney said in a televised address Thursday. The chance of a reduction, calculated using swaps on the sterling overnight index average, jumped to almost 70 percent.
To contact the reporter on this story: Sheldon Reback in London at sreback@bloomberg.net. To contact the editor responsible for this story: Guy Collins at guycollins@bloomberg.net.
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Unhedged Position: Can India See An Indonesia-Style Time Correction?
The Nifty is trading below levels it first clocked in 2024. Is there, then, as I have suggested in the headline, potential that the current time correction drags on painfully for the next three-five, even ten years?
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You May Inherit The Business. You Must Earn Its Credibility.
Succession tests the founder's ability to share authority as much as it tests the next generation's readiness to assume it.
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Signing Deals Is One Thing; Making Them Work Is Another | The Week In Whys
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FOMC Wall, PERM Suspension, Hospital Stocks | Talking Points This Week
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When Everyone Has AI, What Gives You An Edge?
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