🏦📊Swaps Price In Around 60Bps Of ECB Easing By Year-End: Cable FX Macro

**As seen in Online Tools > IRP, subscribe at cablefxm.co.uk/reports

• The ECB is set to decide on rates tomorrow, a 25bps rate cut is fully priced in for the Sept. meeting, the interest rate (P) monitor shows. This tool is designed to look further and bring a relative comparison in pricing for major central banks. The Fed is expected to deliver +100bps of easing this year

• The Curve Spreads chart shows how relative pricing will reflect in rate differentials across tenors. By the end of the curve, the dollar is expected to have given up about 60bps of rate advantage vs the euro, however, this gap is small when compared to the Fed-BoJ curve. No wonder why the JPY is outperforming G10FX