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Gilt eyeing MNI tech resistance

UK

Gilts remains underpinned just off the high on BoE Vlieghe negative rate comment.

  • We just tested close to immediate resistance seen at 134.95 High Dec 17.
  • A clear break through the latter would open to 135.38 High Dec 15, but likely to be limited ahead of the weekend and Sunday's Brexit deadline
  • Short sterling white/red strip is now 1.5-2 ticks up.
  • GBP offered, with the currency testing low against EUR and JPY, but moves lack momentum.

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