[Market Sentiment Improves, Market Prices in a 48% Probability of Bank of England Rate Cut This Year] March 10, Jinshi Data reports that LSEG data shows the currency market is currently pricing in a 48% probability of the Bank of England cutting rates in 2026. This latest shift occurred after Trump stated that the Middle East war might soon come to an end, providing some relief to investors. On Monday, the market briefly priced in the probability of the Bank of England raising rates this year due to concerns that UK inflation might rise again. Kathleen Brooks from XTB stated in a report: 'It is extremely rare for rate cut expectations to be repeatedly priced in and then removed within just a few hours, but such situations occur when oil prices experience disruptive surges.'