SONIA Illiquidity Could Explain Disconnect in BOE Peak Rate Pricing 1207 GMT - The illiqiud nature of U.K. s Sterling Overnight Index Average (SONIA) contracts could be behind the disconnect between market pricing of the Bank of England s peak rate.
The FTSE 100 Index closed Wednesday up 0.5% to 7500 points, amid a positive session for European markets despite a fall in mining and oil-exposed stocks on the back of lower commodity prices, CMC Markets UK chief market analyst Michael Hewson said in a.