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SONIA futures continue to move lower as Mann Q&A continues

BOE
  • Mann (paraphrased): Looking at the DMP there has been a little bit of pulling in of expectations. But we are still looking at expectations that are way in excess of 2%. We are not getting down into the neighbourhood we can be comfortable with being consistent with the 2% target.
  • SONIA futures continue to move lower this morning with the Dec-23 contract now down 7 ticks on the day.
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