UK natural gas futures fall 0.7% to 236.700 pence/therm; TTF rises 0.78%

The divergence between ICE UK gas and TTF is the detail worth noting: the two benchmarks usually track closely, so a UK decline alongside a Dutch gain points to localised factors rather than a shared European supply signal. With EU carbon allowances edging lower, the marginal cost backdrop offers little support either way. Whether this UK-TTF spread persists into the next session is the open question for anyone tracking regional pricing.