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USD

Pares gains against all G10s

CZECHIA

CNB Expected To Hike By Another 25bps Today

US TSY OPTIONS

Outright put buyer

EQUITIES

Estoxx futures edge towards session high

EQUITY TECHS

E-MINI S&P (U1): Modest Fade in Prices

GILTS

Opening calls

BOE
  • UniCredit expects a unanimous vote for unchanged policy.
  • "Given the huge uncertainty surrounding the economic outlook beyond the very near term, the MPC is unlikely to make big changes to its medium term growth forecasts, while emphasizing the downside risks, particularly those stemming from the labor market."
  • "In our view, the MPC is unlikely to take the bank rate negative (there is a better way to achieve the same benefits via a reduction in the rate on the Term Funding Scheme, without the potential cost on credit supply). Therefore, we think the MPC will favor additional asset purchases (along with forward guidance) if there is a need to provide further accommodation, possibly later this year after the Jobs Retention Scheme expires."
MNI London Bureau | +44 203-865-3820 | tim.davis@marketnews.com