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GBP Offered & UK FI Bid Into BoE

CROSS ASSET

Gilts see another bid into the latest BoE decision with bulls threatening a break of earlier session highs in futures and 2-Year yields nearly 9bp lower on the day.

  • BoE-dated OIS shows ~76bp of cuts through ’24.
  • Cable to fresh session lows and EUR/GBP to fresh session highs.
  • Moves are gradual but worth noting.
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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