What the news says
The shift in rate-hike expectations directly impacts SONIA pricing, reflecting rapidly adjusting market sentiment toward BoE policy.
07/09, 04:42 PM
The Bank of England reported that banks borrowed £132.2 billion in a short-term repo operation.
The Bank of England reported that banks borrowed £132.2 billion in a short-term repo operation.
Affected assets
financialjuice
07/09, 04:42 PM
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financialjuice · 07/14, 01:43 PM
High impactUK rate futures now price around 50 basis points of Bank of England tightening by December, up from about 40 bps on Monday.
financialjuice · 07/14, 01:41 PM
High impactTraders now fully price a quarter-point rate hike by the Bank of England at its September meeting.