SONIA Futures look expectantly to the BoE meeting
Hike for 2022?
Will the BoE join the BoC and take a hawkish tilt onThursday? I think they will and SONIA Futures are heading sharply lower since the Fed's shift last week. June 2022 (purple) contract seeing two 10bps rate hikes next year.
For a different view ING see the first rate hike in 2023 - see here.