Free Trial

Week Ahead (1/2)

UK
  • The week ahead will see some important UK data releases but will also see UK markets vulnerable to spillover effects from external events. Ukraine tensions continue to linger (with the possibility of escalating at any time) while Fed-speak and US data was arguably the biggest driver of UK markets last week. Higher than expected US CPI followed by a very hawkish Bullard was then followed up by steady UK GDP data.
  • Following last week’s moves, there is now over 40bp of hikes priced in for March (we would still be surprised by a move larger than 25bp) with 78bp priced in by May (i.e. one 50bp and one 25bp hike fully priced). Two further 25bp hikes are priced by August and one further hike by year-end. This sees a further 150bp of hikes cumulatively priced, on top of the 25bp hike seen this month which would leave Bank Rate at 2.00% by year-end.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.