11:34 04/09 (CEP News) - Worsening credit conditions and poor housing data has brought prospects of a rate cut from the Bank of England to a near certainty according to fixed income and currency strategists, who said the probabilities of a 25bp rate cut on Thursday had risen sharply over the last week. Consequently, foreign exchange traders think the pound could weaken further while fixed income strategists think some more aggressive cutting from the BOE has yet to be priced in. "The market has probably taken on board a 25 bps cut now," said Adam Cole, chief currency strategist at RBC Capital Markets, referring ... (full story)