The Bank of England’s Huw Pill will spoke at 9am today following the bank’s most recent 75 basis point rate hike. In its November meeting, the Bank warned of more contractions in Britain’s GDP well into 2024 as high energy prices and other factors continue to weigh on spending.
Later this morning markets will find out the UK’s latest 5-year treasury gilt auction data. According to over-the-counter interbank yield quotes for this government bond maturity, UK 5 Year Bond Yield was 3.54% yesterday.
