Trade The World
GBP: Gilts underperforming ahead of CPI – ING
Von FXStreet Insights Team
Veröffentlichungsdatum: 19 Aug 2025 | Änderungsdatum: 19 Aug 2025
POPULAR ARTICLES
Gilts had a poor session yesterday, underperforming Bunds by 5bp on the 10-year, ING's FX analyst Francesco Pesole notes.
Gilts had a poor session yesterday, underperforming Bunds by 5bp on the 10-year, ING's FX analyst Francesco Pesole notes.
EUR/GBP has found some support
"The yield on 30-year inflation-linked bonds reached its highest level since 1998 – surpassing the Liz Truss crisis. Some additional pressure on gilts may be coming from the UK’s Debt Management Office announcing syndicated offerings in October and November, and/or some positioning ahead of Friday’s UK sovereign rating review by Fitch."
"Either way, the pound followed bonds lower yesterday, and EUR/GBP has found some support. Tomorrow’s CPI release (0700 BST) is a key event for sterling. We expect both headline and services inflation to accelerate, to 3.7% and 4.8%, respectively."
"That should consolidate markets' recent hawkish repricing in the Sonia curve. Bets on another cut by year-end briefly dropped below 50% yesterday – currently at 14bp. We see upside risks for the pound ahead of tomorrow’s release and a break below 0.860 as increasingly possible."
FXStreet
Über eine Million Nutzer verlassen sich auf FXStreet für Echtzeit-Marktdaten, Charting-Tools, Experteneinblicke und Forex-News. Der umfassende Wirtschaftskalender und die Bildungs-Webinare helfen Tradern, informiert zu bleiben und fundierte Entscheidungen zu treffen. FXStreet wird von einem Team von rund 60 Fachleuten getragen, verteilt auf den Hauptsitz in Barcelona und verschiedene Regionen weltweit.
Read More
