BUZZ-Bank of England MPC and GBP expectations – Reuters

Sentiment:
Mostly negative

  23-Sep-2021 08:15:11

To view this story on Refinitiv Workspace, click here

• BoE policy announcement 11GMT- no change to rates or QE exp (Full Story)
• Focus on whether MPC think minimal conditions for rate hike have been met
• Vote was split 4-4 last time. Futures already price 60% chance of Feb hike
• GBP/USD overnight option price off pre Fed high but 2.0 above recent average
• Overnight (Friday expiry) implied volatility 11.0
• Straddle break-even at 11.0 implied volatility $63-pips in either direction
• Price includes any reaction to PMI data – UK and US today (Full Story)
• GBP/USD underpinned at 1.3600 – recent range lows and option barriers
• Some big vanilla option expiries surround price Thursday (Full Story)

https://fingfx.thomsonreuters.com/gfx/buzz/mopankdkdva/Pasted%20image%201632381063302.png

For more click on FXBUZ

 

(Richard Pace is a Reuters market analyst. The views expressed are his own)

(( Richard.Pace@thomsonreuters.com ))

(c) Copyright Thomson Reuters 2021. Click For Restrictions – agency.reuters.com/en/copyright.html

 

nL1N2QP0C3

 

 

Copyright © 2021 Refinitiv and/or its affiliates. All rights reserved. The Refinitiv content received through this service is the intellectual property of Refinitiv or its third party suppliers. Republication or redistribution of content provided by Refinitiv is expressly prohibited without the prior written consent of Refinitiv, except where permitted by the terms of the relevant Refinitiv service agreement. Neither Refinitiv nor its third party suppliers shall be liable for any errors, omissions or delays in content, or for any actions taken in reliance thereon. Refinitiv and its logo are trademarks or trademarks of the Refinitiv group of companies around the world.

*****************************************

This email was sent to you from a Refinitiv product or service. Please visit https://www.refinitiv.com/workspace for more information

*****************************************

---

Archr LLP is Authorised and regulated by the Financial Conduct Authority (FCA reference 617163).
Archr LLP is not covered by the Financial Services Compensation Scheme (FSCS).
Archr is registered in England and Wales No. OC371018. Registered office 115B Drysdale Street, Hoxton, London, United Kingdom, N1 6ND

This message may contain confidential or privileged information. If you are not the intended recipient, please advise us immediately and delete this message. The unauthorised use, disclosure, distribution and/or copying of this email or any information it contains is prohibited.

This information is not, and should not be construed as, a recommendation, solicitation or offer to buy and sell any securities or related financial products. This information does not constitute investment advice, does not constitute a personal recommendation and has been prepared without regard to the individual financial circumstances, needs or objectives of persons who receive it.

You are receiving this email because you are a valued client of Archr.