Yesterday produced steepening and overall downward moves in the Short Sterling and Euribor curves. Any guesses as to whether that'll persist or whether we'll go back to business as usual in a day or two? Both would be reasonable explanations, either taking account of perceived uncertainty or of Londoners' dogged determination not to be cowed by the bombers.
Looking at how yesterday afternoon played out I wouldn't be surprised either way, but I wonder what the consensus is here.
Looking at how yesterday afternoon played out I wouldn't be surprised either way, but I wonder what the consensus is here.