News Headline Summary
Short sterling strip trades down 1-3 ticks following the earlier quarterly inflation report from the Bank of England; as a reminder King said that the MPC need to think about how to cope with rate normalization...
... that there are limits to what monetary policy can do, and the BoE sees inflation remaining above 2% for 2 years.
- The front month Mar'13 contract trades lower by 1 tick at 99.48 last.
- Downside in gilts also adds to downside in short-sterling prices, with moves in UK fixed income largely driven by the comment that there are limits to what monetary policy can do.
12:51, 13 Feb 2013 -
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