UK: Starmer Faces PMQs @ Top Of Hour Amid Speculation Of Leadership Challenge
It is a rare occasion when Prime Minister's Questions is a market moving or relevant event, with the...
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EURIBOR OPTIONS: Healthy Options Activity Continues
Latest Euribor trades:
- ERZ5 98.0625 call vs 97.9375 put combo. Paper pays 0.75 for the call in 5k (vs 97.98 spot, 46% delta).
- ERM6 98.375/98.625 1x1.5 call spread, paper pays up to 1.5 in 5k
BOE: Greene on labour market weakening slowing - in line with other MPC hawks
"*BOE'S GREENE: SIGNS LABOR MARKET WEAKENING IS BOTTOMING OUT" Bloomberg
This has also been a view shared to some degree amongst the less dovish members of the MPC. Mann said last week that the labour market was not "falling off a cliff" - but that when she voted for a 50bp cut it appeared as though it might be. Tomorrow's report therefore remains extremely important for future monetary policy.
BOE: Greene's comments remain consistent with last week
"*BOE'S GREENE: MIGHT NEED TO WORRY MORE ABOUT 2ND-ROUND EFFECTS
*BOE'S GREENE: I AM CONCERNED ABOUT HOW RESTRICTIVE MONETARY IS
*BOE'S GREENE: CASE FOR HIGHER FOR LONGER RATES, SKIPPING CUT" Bloomberg
These are all in line with recent communications. The MPC statement still describes policy as restrictive too ("The timing and pace of future reductions in the restrictiveness of policy...").
