A look at the day ahead in markets from Tom Westbrook.
A stock broker looks at his screens at the stock exchange in Frankfurt, Germany, March 16, 2023. REUTERS/Kai Pfaffenbach/File PhotoTraders are scaling back bets on U.S. rate cuts, but dialling up expectations for British hikes.that strengthened expectations for the Bank of England to lift rates next month and to continue doing so thereafter. Sterling rose. Ten-year gilt yields climbed for a sixth straight session.
Sterling shorts are at their smallest amounts since last March. BoE committee member Catherine Mann appears on a climate change panel later on Wednesday.
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