Markets price in even chance of further Bank of England rate increase

Little more than a week ago, investors thought it was a done deal that the Bank of England would press ahead with yet another increase in interest rates when its monetary policy committee meets this week.

By the end of last week, pricing in financial markets suggested that the chances of a

move on Thursday would be no better than even.

Successive scares in the financial sector did not deter the European Central Bank from raising…