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STIR: GBP STIRs Little Changed On The Day, 83bp Of Cuts Priced Through '25

STIR

GBP STIRs around levels witnessed late Monday.

  • SONIA futures flat to +2.5.
  • BoE-dated OIS shows 30.5bp of cuts through March and 83bp of easing through December ’25.
  • December ’25 pricing is ~25bp more dovish than the November 13 closing level.
  • Little of note on the UK calendar today, leaving focus on macro & cross-market spill over.
  • Focus on this week’s BoE speak, with Governor Bailey (Wednesday) and MPC member Greene (Thursday) due in the coming days.

BoE Meeting

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GBP STIRs around levels witnessed late Monday.

  • SONIA futures flat to +2.5.
  • BoE-dated OIS shows 30.5bp of cuts through March and 83bp of easing through December ’25.
  • December ’25 pricing is ~25bp more dovish than the November 13 closing level.
  • Little of note on the UK calendar today, leaving focus on macro & cross-market spill over.
  • Focus on this week’s BoE speak, with Governor Bailey (Wednesday) and MPC member Greene (Thursday) due in the coming days.

BoE Meeting

Keep reading...Show less