The implied probability of the Central Bank of England cutting interest rates again in September is only 22%

The Financial Times reported on August 1st that the Central Bank of England has cut interest rates for the first time since 2020, and attention will now turn to the next rate cut by the Central Bank of England. Data shows that the implied probability of a second consecutive rate cut by the Central Bank of England in September is only 22%. The OIS market also expects the Central Bank of England to cut rates by about 2.5 times by 2024. The pound has softened slightly against the dollar, but so far there has been no dramatic fluctuation, as the first round of this round of easing action was very cautious.