Market Information Friday 9 May 2025

US President Donald Trump confirmed on Thursday that a trade deal has been reached with the United Kingdom. He had hinted at the agreement on Wednesday without naming the country. On Thursday, he revealed on Truth Social that it involves the UK, calling it an important and exciting day for both nations. A press conference is scheduled for later today in the Oval Office. Trump stated this is the first in a series of trade deals.

The Bank of England cut its interest rate by 25 basis points on Thursday, from 4.50% to 4.25%, as expected. This follows a pause in March and a previous rate cut in February.

The central banks of Norway and Sweden kept their interest rates unchanged on Thursday, following the US Federal Reserve’s decision to do the same on Wednesday. Norway’s rate remains at 4.50%, with a likely rate cut expected in 2025. Sweden’s Riksbank held its rate at 2.25%, noting increased uncertainty and the possibility of easing policy if inflation stays below earlier expectations.

The 6M Euribor is unchanged at 2.15% compared to previous business day. The 10Y Swap increased with 7 basis points to 2.50% compared to previous business day.

In the attachment, today’s market data on money and capital market rates as well as other rates are presented.