After the UK budget and OBR assessment:
Markets reflect and 82% chance of a 25 basis point cut in November versus 92% chance earlierMarkets national and 48% chance of a further 25 basis point cut in December versus 63% earlier today
10 year yields are now up 3.6 basis points at 4.353%. The two year yield is up 6.3 basis points after 4.322%
This article was written by Greg Michalowski at www.forexlive.com.
