Daily Market View 13-05-2026

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Daily Market View 13-05-2026
0:37


UK bonds in panic area as PM faces cabinet

1 Minute Market Rundown

  • GBP softening against the Euro amid GDP Eurozone data
  • Pound has slowed its decline although still sits around 0.8% down against the Dollar on a 3 day basis and 0.21% down against the Euro during the same period.
  • UK 10 yr Gilt yield still at its 1998 high, firmly in the panic territory where higher yields are actually bad news for the currency 
  • Across the pond, US interest rate futures suggest no rate cuts from the Fed this year for the first time in 12 months, following a hot set of CPI figures yesterday that came on above consensus at 3.8%

    DAVID IS AWAY AND WILL RETURN 15 MAY

Markets Today

*Please be aware the below rates represent the market rate at 7:30 AM, contact your Caxton dealer on check online for a live quote

Ccy Pair            Open

GBP/USD         1.3521

GBP/EUR         1.1548

GBP/CAD       1.8529

  GBP/AUD        1.8686

   GBP/NZD         2.2786

    GBP/JPY          213.392

  EUR/USD         1.1707

Today's Economic Calendar

  EUR – Employment Change (QoQ) (Q1)
EUR – Employment Change (YoY) (Q1)
USD – Producer Price Index (MoM) (Apr)
USD – Producer Price Index (YoY) (Apr)

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