Inflation sticky, wage growth high, services inflation high.
'Markets' were pricing in 4 cuts this year, now its down to 1. Of course 'markets' dont know anything and its all a guess but hefty cuts look unlikely anytime soon.
Pound Sterling: Inflation Surprise Sees Rate Cut Hopes Fade
www.poundsterlinglive.com
Yeah I certainly got this one wrong.
I got the extent of the rises right. And put my money on it and did well.
But I certainly expected rate cuts nowish.. And put my money on it.
1 out of 2.. To the casino it is!
2 cuts is probably a good outcome now.
Last edited: