Editor-In-Chief with 20 years experience covering the betting angles to breaking news stories. Daily slots player, Portsmouth fan and League Snooker Player
- The rates have held firm but it is expected a rise in rates will happen in February if bookmaker odds are correct.
- No raise was holding form at about 6/4 until the 6th Jan when it plummeted to 3/1
- A rise to 0.5% is looking the most likely outcome bringing an end to Quantitive easing.
- Pressure comes as inflation remains above 5% with further increases expected.
One way to ease the burden of increasing inflation and a hike in the base rate of interest rates would be to bet on it happening with bookmakers -
Disclaimer, this does not form any sort of financial advice, indeed, betting on whether interest rates will move, house prices, and recession could be seen as foolhardy - not that it stops bookmakers from making predictions and offering odds on the various potential outcomes.
UK Interest Rate Betting Odds
Will the Bank of England Base Rate change in February?
| Will the rate Raise? | Odds | Probability |
|---|---|---|
| Yes | 1.35 | 74.07% |
| No | 3.40 | 29.41%
|
Whist the odds of another raise have not been supported hugely, there has been a lot of activity with bigger and bigger odds being offered on a No outcome suggesting confidence in no raise has dropped significantly on betting exchanges like Smarkets.
As the pound hit its highest value against the euro in nearly two years, data showed that the UK economy was doing well. Investment here suggests there is some hedging that rates will increase.
Despite Covid, manufacturing activity increased in December. As a result of supply chain delays, factory production increased as staff charged through the epidemic backlog.
The pound bloated to be worth €1.199 - its highest since February 2020.
