Axiory Market Commentary With Tomasz Wisniewski | July 12

In today’s Market Commentary Tomasz looks into Monday’s remarks by the Bank of England Governor Andrew Bailey, saying he still thought inflation was likely to fall sharply next year. Investors see a nearly 70% chance of a bigger-than-usual, half-percentage-point rate hike by the BoE on Aug. 4. Also, the lower open for European stocks comes after a gloomy trading session at the start of the week, with markets closing lower Monday as investors prepare for more key inflation data out of the U.S. this week.