See the latest European renewables forecast for base-load hours for the next seven days from this morning, including the day-on-day change. German and French wind is forecast to remain relatively low over the period, adding support to the week-ahead products. But firm solar output for 7 June is high, potentially keeping a lid on gains on delivery.
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Of note:
EURUSD 1.05bn at 1.0725.
USDCAD 1.13bn at 1.3700.
EURUSD 2.54bn at 1.0760/1.0775 (thu).
AUDUSD 1.48bn at 0.6540 (thu).
USDCAD 2.04bn at 1.3680/1.3685 (fri).
EURUSD 2.66bn at 1.0750/1.0755 (mon).Gilt futures have moved through the previously covered resistance area (50-day EMA at 97.65) to last trade +75 at 97.71. Highs of 97.75 seen, with bulls looking to target 98.00 on any extension higher.
BoE Meeting | SONIA BoE-Dated OIS (%) | Difference Vs. Current Effective SONIA Rate (bp) |
May-24 | 5.201 | +0.1 |
Jun-24 | 5.090 | -11.0 |
Aug-24 | 4.950 | -25.0 |
Sep-24 | 4.860 | -34.0 |
Nov-24 | 4.739 | -46.1 |
Dec-24 | 4.651 | -54.9 |