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AUSSIE 10-YEAR TECHS

(Z1) Off Lows, But Remains Weak

USDCAD TECHS

Still Vulnerable

AUDUSD TECHS

Bullish Price Sequence

SHORT-STERLING
SHORT-STERLING: Short sterling strip has ticked lower in response to the higher
than expected rise in UK service PMI which has led to markets pricing in a
slightly higher chance of the next BoE rate hike coming in August.
- MNI PINCH now see market pricing a 47% chance of a 25bp rate hike in August,
up from 40% earlier today and compares to 26% seen on Wednesday.
- November is still seen as the most likely date for the next rate hike though
with MNI PINCH showing a 84% chance of a rate hike up from 59% last week.