PLN: Polish Assets Under Pressure After Drone Incursion

Sep-10 08:56

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Zloty price action has been driven by developments surrounding the downing of Russian drones that fl...

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FED FUNDS FUTURES: FFQ5 Lifted

Aug-11 08:51

FFQ5 paper paid 95.6725 on ~8.7K.

US TSY OPTIONS: TYV5 112/111 1x2 Put Spread Lifted

Aug-11 08:47

TYV5 112/111 1x2 put spread paper paid -0-01 on 8K.

UK DATA: MNI UK Labour Market Data Preview: August 2025 Release

Aug-11 08:44

DOWNLOAD FULL REPORT HERE

EXECUTIVE SUMMARY:

  • With a continually softening labour market a necessity for another quarterly cut in November, Tuesday’s report will be keenly watched by the market. Unlike last month’s release there is no obvious smoking gun to watch out for as the revision to the flash payrolls print for June has returned the focus back to the wider report.
  • Our primary focus therefore will return to private regular average earnings which are expected at 4.8%Y/Y in the 3-months to June based on the MNI median and Bloomberg consensus (vs 4.88% prior). 
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