FxWirePro: Daily Commodity Tracker - 21st March, 2022 
The UK gilts climbed Monday as fears mounted of a hard Brexit and in the run up to the United Kingdom Prime Minister Theresa May’s speech, scheduled for Tuesday. Also, investors are curiously eyeing the release of the consumer price inflation on Tuesday.
The yield on the benchmark 10-year gilts, which moves inversely to its price, fell 3-1/2 basis points to 1.33 percent, the super-long 30-year bond yield also plunged 2-1/2 basis points to 2.00 percent and the yield on short-term 2-year slid 1 basis point to 0.17 percent by 10:00 GMT.
According to various news reports, PM May, in her keynote speech due on Tuesday, is expected to keep the UK no longer restricted to the rules of the European Court of Justice, post-Brexit, the report added. However, it may not be surprising that the PM wants to quit the common market.
Further, according to the latest Citi/YouGov survey, UK’s inflation expectations for the short term are broadly steady at 2.4 percent whilst expectations for the longer term have risen to 3.0 percent up from 2.8 percent in November.
Meanwhile, the FTSE 100 remained flat at 7,339.00 by 10:05 GMT, while at 10:00GMT, the FxWirePro's Hourly Pound Strength Index remained neutral at -63.88 (a reading above +75 indicates a bullish trend, while that below -75 a bearish trend). For more details, visit http://www.fxwirepro.com/currencyindex
