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Flat To A Touch Lower To Start

SONIA

A brief move lower in Bunds around the firmer than expected French CPI reading helps apply pressure to SONIA, before the respective moves fade from post-data extremes. That leaves SONIA futures flat to 3bp lower through the blues.

  • Karen Ward, chief EMA market strategist at JPMorgan Asset Management and advisor to Chancellor Hunt, has suggested that the UK should consider lifting the BoE’s inflation target from 2% once price pressures have been curbed.
  • Comments from BoE’s Pill will cross in ~20 minutes time, providing the highlight of today’s local docket.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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