Rate hikes by year-end
BoJ: 13 bps (97% probability of no change at the upcoming meeting)We can see that compared to Wednesday's update, the market is repricing expectations on a more hawkish side across the board. This is because the certainty around the 10% global rate has increased after the US-UK trade deal and it's also the "more hawkish" scenario for the Fed.
We have now reached the peak in the "de-escalation trade" and the focus will likely switch to the language from other countries, especially the EU. Will they take a harder stance and oppose categorically the 10% floor?
This article was written by Giuseppe Dellamotta at www.forexlive.com. Read More Details
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