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Gilt and GBP

CROSS ASSET
Very light start for FX, although small continuation in EUR selling.
  • EUREX is close so little play will be coming from the Govie/rate side.
  • US Equity (S&P) saw little early selling, on very volumes, but paring as we speak.
  • Gilts are better bid and 2yr yield test record low.
  • EURGBP test through MNI tech support at 0.9013 Low Dec 30, and below the latter eye 0.8983 next.
  • Despite the bid in Gilts, Cable extends, after the post-Brexit trade deal between the UK and EU takes effect at 23:00 GMT on Thursday,

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