
SONIA
The SONIA (Sterling Over-Night Index Average).
I notice a Big Movement in the Markets and I went to check the News in that moment, and found out about Sonia, perhaps you will add this to the Calendar, for the Next Time.- It is not at The most important calendars of The Planet, Forex Peace of Army and or Forex Factory Calendars, It is no there.
There were Spikes as big as nearly 50 Pips GBPCHF, and 45 Pips USDJPY or other Market of your choice.
This is a sample or the Market News.
SONIA: The SONIA (Sterling Over-Night Index Average) swap curve is now
once again implying chance of a rate cut from February 2009 onwards
following dovish comments from BoE Deputy Governor John Gieve who said
Friday that he could not rule out the risk of the UK entering a
technical recession. The curve is now pricing in 29% chance of a 25bps
rate hike by November vs 33% chance pre-Gieve and around 7% chace of a
25bps cut by February 2009 vs 3% chance of a hike pre-Gieve.
7/18/2008 5:30:39 AM