Short Sterling strip: holding higher ground ahead of UK data and more BoE speakers

3 month UK STIR futures have added another tick or so to their post-CPI recovery gains as attention switches to jobs and wage growth in timely fashion after comments from BoE’s Cunliffe late on Tuesday arguing that the MPC can afford to wait for pay growth to pick up before hiking rates further. Gilts are also primed to resume on the front foot given a healthy mark-up in Bunds and US Treasuries since yesterday’s Liffe close and could gap up as much as ¼ pt from the previous 124.60 close. More BoE members to look out for after the data, with Haldane and Broadbent scheduled at different events from 12.00GMT and 13.00GMT, text to be released from the latter.

15 Nov 2017 - 07:47- - Source: ransquawk

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