- All 71 economist polls expect the BOE to keep the bank rate unchanged at 4.75% next week
- BOE expected to cut bank rate by 100 bps in 2025, possibly by 25 bps each quarter
- 19 of 23 economists expect US to impose tariffs of less than 10% on UK imports
- 20 out of 25 economists note that tariffs will have little impact on the UK economy
- 4 of 25 economists said the effect will be significant, the other said there will be no effect
As things stand, the OIS market sees ~89% odds of the BOE keeping the bank rate unchanged on December 19 next week. Therefore, the election results correspond to that. As for tariffs, it's a good idea because China and Europe are troubling Trump right now.
This article was written by Justin Low at www.forexlive.com.
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