Markets are currently pricing in a 25% chance of another cut tomorrow.

Markets are currently pricing in a 25% chance of another cut tomorrow.
The PRA is replacing the SME Supporting Factor with a new SME lending adjustment for banks.
The data shows that new arrears cases are 5.3pp lower than a year earlier.
GDP grew by 0.6% in the second quarter of this year.
The Bank's Monetary Policy Committee has reduced rates for the first time since 2020.
UK CPI held steady at 2%, but the ongoing 'stickiness' of services inflation could give cause for concern at the Bank of England.
GDP growth was higher than the 0.2% predicted for May.
The Bank's Monetary Policy Committee has held rates for a seventh consecutive time.
The Bank's Monetary Policy Committee has held rates for a sixth consecutive time.
Pill said the MPC "needs to maintain restrictiveness in its monetary policy stance".
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