Advertisement
UK markets close in 6 hours 57 minutes
  • FTSE 100

    7,962.15
    +30.17 (+0.38%)
     
  • FTSE 250

    19,797.09
    -13.57 (-0.07%)
     
  • AIM

    741.82
    -0.29 (-0.04%)
     
  • GBP/EUR

    1.1678
    +0.0009 (+0.08%)
     
  • GBP/USD

    1.2593
    -0.0045 (-0.36%)
     
  • Bitcoin GBP

    56,134.65
    +725.98 (+1.31%)
     
  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     
  • S&P 500

    5,248.49
    +44.91 (+0.86%)
     
  • DOW

    39,760.08
    +477.75 (+1.22%)
     
  • CRUDE OIL

    81.64
    +0.29 (+0.36%)
     
  • GOLD FUTURES

    2,216.50
    +3.80 (+0.17%)
     
  • NIKKEI 225

    40,168.07
    -594.66 (-1.46%)
     
  • HANG SENG

    16,541.42
    +148.58 (+0.91%)
     
  • DAX

    18,491.62
    +14.53 (+0.08%)
     
  • CAC 40

    8,236.03
    +31.22 (+0.38%)
     

Money markets once again ramp up ECB rate hike bets

FILE PHOTO: European Central Bank (ECB) headquarters building is seen in Frankfurt

LONDON (Reuters) - Euro zone money markets on Thursday brought forward bets for a European Central Bank rate hike, reflecting a shift higher in U.S. rate-rise expectations after strong inflation numbers on Wednesday.

Eonia money market futures dated to the European Central Bank's September 2022 meeting see a 100% chance of a 10 basis point rate rise. At the start of the week, market pricing had pointed to a full 10-basis-point move by December 2022.

Money market pricing also suggests investors are pricing in a strong chance of a second rate hike by the end of next year.

(Reporting by Dhara Ranasinghe; Editing by Rachel Armstrong)