Hikes expected

Future's markets really pricing in extra rate hikes rapidly

Hikes expected
  • December 2021 futures pricing in 20bps hike
  • June 2022 futures pricing in 0.50bps hike
  • Sep 2022 futures pricing in 0.64bps hike

How far is too far? Uncertain, but GBP buying dips makes sense for sure on BoE inflation fears.