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SONIA futures up to 8.5 ticks lower post-data

UK
  • SONIA futures opened lower, as anticipated, with the Dec23 contract seeing the biggest move at the time of writing (down 8.5 ticks on the day). This compared to 0.5-1.5 ticks lower seen across the SOFA and Euribor futures curves.
  • GBPUSD continues to trade a bit above 1.2400, hitting an intraday high a few pips higher since the SONIA open.

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