unfortunately u are probably correct,i wish that they would cut by at least one,good for prop,financial,shops etc....i think inflation has dropped in real terms to around nine prercent already....the figures they use are always about two month old!
I can almost guarantee you that the Banks are not on fire because of 50bp expectation, but 100bp. Besides numerous participants have changed their forecast to 100bp now that cpix came in lower than expected. give it a day or so and the 'market' will adjust its 'consensus' - in the meantime the banks are rallying on 100bp.
almost guarantee ???? cpix was lower by all of 0.1%, hardly thrilling .. and why the rally now for a rate cut .. why not last week, next week ?? an another theory, last week UK banks were losing 40% in afternoon .. would this not maybe have out pressure on our banks .. this week they all looking better .. could that not help our banks ?? see, one move many theories ..