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Gilt Week Ahead

After last week's Bank of England meeting the focus for UK markets in the week ahead will turn to the economic data with labour market data and output data both due for release.

  • Labour market data is due for release on Tuesday and as we argued in our in depth analysis piece (see here), we think the key datapoint to watch will be aggregate hours with the headline unemployment print distorted by the furlough scheme and whether people who are out of work are actively seeking work or not.
  • Output data for June and the first release of Q2 GDP will be the highlight Wednesday. Both consensus and the Bank of England expect a drop in Q2 in the region of 20% Q/Q.
  • The week ahead will see the Bank of England's new asset purchase schedule enacted.
See the full document including auction previews, QE tracker and BOE purchase analysis, cash flow matrix and issuance calendars.

For the full document click the link below:

https://emedia.marketnews.com/GiltWeekAhead10082020.pdf

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