Market News
Sterling holds steady ahead of BoE decision this week - REUTERS
LONDON, Dec 15 (Reuters) - The pound held steady on Monday ahead of a string of UK data that could help cement expectations for a Bank of England rate cut later in the week.
Markets show traders are almost fully pricing in a rate cut on Thursday, when the BoE meets, and traders expect another cut by the middle of 2026, with a possibility of a second by year-end.
Inflation is still running at nearly twice the BoE's 2% target rate, but the economy is slowing.
