20 April 2005, 12:21  Short sterling interest rate futures extended their falls

UK gilts were steady, while short sterling interest rate futures extended their falls on a view that the Bank of England may lift rates this year. The sell-off in short-sterling futures was triggered on Tuesday after data showed a jump in inflation. The bond market remained nervous before the release of minutes from the BOE's April meeting. Economists expect the minutes to show that two members of the nine-strong Monetary Policy Committee voted for a rate hike.

© 1999-2024 Forex EuroClub
All rights reserved