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MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
STIR
Pricing for a 25bp hike in Thursday's ECB decision has eclipsed 50% probability today (for the first time in September) and is on the highs of the day.
- As we've noted throughout the session, it's difficult to place a particular catalyst for today's move which has seen the implied probability rise from roughly 40% to 52%, though we note that the intraday move has come alongside the rise in oil prices - potentially seen focusing the minds of Governing Council members who are on the fence about inflation risks going into Q4?
- (Chart of hike pricing for Thursday alongside Brent Crude price below)
Source: BBG, MNI
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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