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SFIZ5 Moves To Highest Level Since Feb Before Fading

STIR

SFIZ5 breaks above its Mar high in the initial knee-jerk move to the BoE cut, but fails to test the Feb 6/7 high (96.450), peaking at 96.430, before easing back to 96.350.

  • That leaves the contract just above pre-decision levels, with the details of the “hawkish” BoE cut, outlined earlier, limiting the dovish move.

Fig. 1: SONIA Dec ’25 Futures (SFIZ5)

Source: MNI Market News/Bloomberg

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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