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EUR/GBP Through to Fresh Lows Post-BoE

GBP
  • Following the BoE hike - with a hawkish vote count - GBP holds gains against all others in G10 and is now the best performing currency on the day.
  • GBP/USD is now comfortably north of the 1.36 handle, with EUR/GBP now through to fresh multi-year lows. The cross now trades in very close proximity to the 0.8277 level last printed in late 2019.
  • Across fixed income markets, Gilt futures have dipped, while 10y Gilt yields have hit fresh multi-year highs of 1.36%.
  • Equity markets have dipped, with both the FTSE-100 and FTSE-250 edging lower - although financials are benefiting, with UK banks stronger on the rate hike.

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