The unplanned curtailment of 500MW at the 2GW IFA power link between France and the UK is now scheduled to end one hour later on Friday 5PM GMT, remit data showed.
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Gilts mostly look to U.S. Tsys & Fed pricing for cues in the wake of the U.S. CPI data.
BoE Meeting | SONIA BoE-Dated OIS (%) | Difference vs. Current Effective SONIA Rate (bp) |
Dec-24 | 4.700 | +0.0 |
Feb-25 | 4.502 | -19.8 |
Mar-25 | 4.416 | -28.5 |
May-25 | 4.241 | -45.9 |
Jun-25 | 4.162 | -53.8 |
Aug-25 | 4.034 | -66.6 |
Sep-25 | 3.999 | -70.1 |
Nov-25 | 3.922 | -77.8 |
Dec-25 | 3.886 | -81.4 |
SFIM5 96.15/96.45/96.75 call fly paper paid 3.75 on 25K
As noted above, USD/CAD slips sharply on the back of the BoC decision - dragging the pair through to new daily lows of 1.4127 and through yesterday's lows. The effect on CAD/JPY clear to see, as the cross tests new December highs and narrows the gap with the 100-dma of 107.96.