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The short sterling futures strip.....>

SHORT-STERLING
SHORT-STERLING: The short sterling futures strip continues to push higher after
Q1 GDP data showed the worst business investment growth since Q315, with Red,
Green and Blue contracts up 3-4 ticks today.
- Seeing four-month highs for several contracts, which appear to have decisively
broken higher, with L Z8 inching toward the 2018 high of 99.230 (last 99.180). 
- Looking at 2018 BoE rate hike prospects via MNI PINCH, Aug rate hike pricing
now at 33% chance, down from 40% a couple of days ago. PINCH also showing
three-quarters chance of a Nov hike.

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