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Gilts and Pound


Gilts now at session high, after opening lower this morning inline with EGBs.

  • The contract has seen better buying since 10.00GMT/05.00ET.
  • We now eye last Thursday's high at 128.11, given the longer Easter break, with initial resistance seen at 128.25 20-day EMA
  • Main driver today for the Pound and Gilt, has been the Astra vaccination concerns, following weekend report that a decision could be made to restrict the use of the jab in younger people.
  • GBP is off its lows, following USD paring some of its gains, helped with Risk tilted to the upside, and some short covering in GBP

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