By Martin Brooke, Graeme Danton and Richhild Moessner of the Bank’s Gilt-edged and Money Markets Division.
Day by day, items of news about the economy—in the form of data releases and news about policy—are the most significant market-moving events. This article looks over a longer time period than is usually possible in the ‘Markets and operations’ article to answer the following two questions:
- Which news items tend to move the sterling interest rate markets most?
- How do different parts of the sterling yield curve respond to news?
News and the sterling markets