Free Trial

No obvious drivers for recent moves

UK
  • Over the past half hour gilts and SONIA futures have moved lower, while GBP hit its strongest levels of the session.
  • There doesn't appear to be any real headline drivers of the move, with some market participants pointing to low liquidity in markets, particularly following the linker auction.
  • Gilt futures hit a low of 117.12, Dec-23 SONIA 97.30, EURGBP hit a low of 0.8398 and GBPUSD hit a high of 1.2088.
  • Much of the FX moves have been reversed at the time of writing but UK FI remains at or close to its lows of the session.

To read the full story

Close

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.