LONDON, April 27 (Reuters) - Goldman Sachs said on
Thursday it was raising its forecast for the peak of interest
rates set by the Bank of England to 5%, citing
stronger-than-expected activity in Britain's economy.
The BoE's Bank Rate stands at 4.25% and investors in
interest rate futures are putting a roughly 90% chance on an
increase to 4.5% on May 11 after the BoE's next scheduled
meeting, and a 60% probability of it hitting 5% by September.
(Writing by William Schomberg; editing by David Milliken)
Reuters Messaging: william.schomberg.reuters.com@reuters.net))
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