Yields are clearly on the rise today as investors have finally started to align with comments from Bank of England (BOE) governor Mark carney, according to whom BOE is likely to follow FED and hike rates.
- UK 2 year yield is up 3.7%, trading at 0.61%.
- UK 5 year yield is up 2.3%,trading at 1.51%
- UK 10 year yield is up 2.2%, trading at 1.98%.
- UK 30 year yield is up 1.5%, trading at 2.66%.
However there is no beating the US rates ahead of FOMC meeting, scheduled at 18:00 GMT.
- US 2 year yield is up 5.4% today, trading at 0.7%.
BOE rate hike outlook is clearly bullish for pound, however clear direction is likely to remain clouded by volatility, due to rate hike expectations from FED, as early as September this year.
Pound traded as high as 1.569 against dollar today, however retreated sharply over position sizing ahead of FOMC. Pound is currently trading at 1.563 against dollar.


Fed Near Neutral Signals Caution Ahead, Shifting Focus to Fixed Income in 2026
Silver Spikes to $62.89 on Fed Cut – But Weekly Bearish Divergence Flashes Caution: Don’t Chase, Wait for the Dip
ETH Bulls Smash Trendline – $4,000 Next as Whale Squeeze Tightens
Asian Fund Managers Turn More Optimistic on Growth but Curb Equity Return Expectations: BofA Survey 



