Some half arsed choppiness in cable says it all really.
The best move is in EUR/GBP as it drops from 0.8450 to 0.8431. We may see some further losses in the pair as money moves into sterling on the increased interest rate differential between the UK and the EU.
Any such thoughts were probably sat on after the ECB last week until today’s BOE decision.
UK 10’s are currently at 1.762% -0.007bp after spiking to 1.768% on the release.
