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Sonia last fixed at 0.7046% down from.........>

SONIA
SONIA: Sonia last fixed at 0.7046% down from 0.7049% with volume at GBP44.6bln
up from GBP44.2bln.
- The GBP OIS curve has inched higher and steepened slightly, mirroring the
pullback in EUR OIS. The 1y1y Sonia forward is up 4.0% on the day.
- A modest positive shift in the probability of PM Theresa May's Brexit deal
passing this evening's parliamentary vote (still a tough call) and better than
expected economic data this morning (January industrial production,
construction, services and monthly GDP all surprised higher) are contributing
factors.

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