Market Information Tuesday 24 February 2026

The UK government said it does not expect the new 15% US global tariff to affect most of last year’s UK US economic deal. London raised concerns with the US Trade Representative about uncertainty for businesses, while stressing that agreed tariff terms for steel, pharmaceuticals and cars should remain intact. Officials said talks will continue this week and did not rule out retaliation, adding that nothing is off the table.

ECB President Christine Lagarde repeated that euro area inflation and the ECB’s interest rate stance are in a “good place”, signalling no immediate policy shift. Speaking in Washington, she underlined that the Governing Council will keep reassessing conditions step by step. Lagarde added the ECB must remain agile and ready to act if the outlook changes, keeping flexibility while maintaining the current baseline.

The US held talks in Geneva with a Russian delegation on Monday and is set to meet a Chinese delegation on Tuesday as it explores a potential multilateral nuclear arms control treaty. Washington wants a broader framework after the New Strategic Arms Reduction Treaty (New START) expired. It remains unclear whether Tuesday’s session will be formal negotiations, after China’s disarmament envoy previously said Beijing would not join new talks “at this stage”

The 6M Euribor is unchanged at 2.14% compared to previous business day. The 10Y Swap decreased with 2 basis points to 2.73% 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.