Traders Raise UK Rate Hike Bets to 50 Basis Points by December, Up from 40bp on Monday

According to British interest rate futures, traders have raised bets on Bank of England rate hike expectations, now pricing in 50 basis points of policy tightening by December, up from 40 basis points on Monday (July 14). The market has fully priced in a 25 basis point increase before September.
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