Markets are now pricing in 5.5% interest rates from the @bankofengland next year.
Up from 4.75% yesterday.
Deutsche Bank saying BoE may need to table an emergency rate hike as soon as next week.
And, as I said yday, higher rates are a big, big deal.
Ugh. https://t.co/zaIhLY5xHI

— Ed Conway (@EdConwaySky) September 23, 2022