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Free AccessEGB/GILTS SUMMARY: Very little to......>
BOND SUMMARY: EGB/GILTS SUMMARY: Very little to report this morning, with GBP
and Gilt leading price action.
- No real surprises on the GBP move, and nothing new hitting the screens on the
open. This is mostly driven by the lack of progress, and weekend news that: A
breakthrough in the Brexit talks has failed to materialise after a weekend of
intensive negotiations, with European Union capitals concluding that it may now
be impossible for the UK to leave the EU by 31 October with a deal.
-This provided an undertone bid into Gilts and in turn Bund.
-Peripheral have traded in tandem with the German 10yr Bond, and are unchanged
on the day.
-Some focus this afternoon on BoE Cunliffe, talking about Mon Pol and very
little else.
-Global assets, this week will be driven by Brexit, in what is bound to be a key
week and weekend. -Parliament meets at the weekend for the first time since the
Falklands War with Johnson either seeking approval for his Brexit deal or facing
a revolt from the House of Commons.
To read the full story
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.