The chances of an interest rate increase this month have waned as the Plan B restrictions caused sterling to dip to a new 2021 low against the US dollar.
Before last night’s Downing Street announcement the pound fell by 0.5% to $1.3162, its lowest since 2020.
Money markets are now assigning only a 46% probability of a rate increase next week, down from 58% before the news and a near 70% probability two weeks ago.
Start your free trial today
Your trusted daily source of commercial real estate news and analysis. Register now for unlimited digital access throughout April.
Including:
Mitsubishi Estates and Co-Re appoint Savills to help lease the development’s office space
Decision deferred on former National Institute of Agricultural Botany revamp
Developer has taken 10 storeys off proposals since first filing
Colliers appointed to lease 50,000 sq ft of office space in the Salford Quays development
