Barclays suggests narrowing the interest rate spread between the Bank of England and the European Central Bank

Barclays strategists suggest narrowing the December spread between the Bank of England policy rate and the European Central Bank deposit rate. It is expected that the Bank of England will remain inactive this year, while the European Central Bank will continue to raise interest rates. The money market currently expects the Bank of England to raise interest rates by 37 basis points and the European Central Bank to raise interest rates by 41 basis points by the end of December.