The bank of England can lower a rate next week
Monday for pound was heavy again: data of the Construction PMI index this day have shown essential reducing business activity: upon the 46th basis point against 50,7 expected and 51,2 previous. On Tuesday Services PMI also left below the forecast: 52.3 against 53.1. Dynamics of industrial production has also specified recession, but is not as sharp as that was expected by analysts:-0,5% upon against forecast-1%.
In general on a weekend, the markets have finally pledged probability of interest rate reduction by Bank of England in the prices, and have practically finished to pledge its possible "zero" condition in the prices. Such talk (about a zero rate) even more often sounded on the leaving week.
Next week the markets will puzzle: whether there will be actions of Bank of England instant whether it will lower an interest rate now, o…