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Traders Increase Bank of England Rate Hike Bets, Fully Price in 25bp Hike by September

On July 14, traders increased their bets on a Bank of England rate hike, fully pricing in a 25 basis point hike by September. UK interest rate futures show that the market expects the Bank of England to tighten policy by about 50 basis points by December, compared with an expectation of about 40 basis points on Monday. (Jin Shi)

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