Gilts are opening steady to slightly...>

GILT SUMMARY: Gilts are opening steady to slightly higher from Monday's close

following soft UK GfK data, while the BoJ left monetary policy unchanged but cut

inflation forecast for this year. 10-yr Gilt yield is unchanged at 1.327%.

- UK GfK consumer confidence ticked lower to -10 in October from -9 in September

with concerns over the near-term economic outlook weighing. While Financial

Times reports that Hammond will not break his fiscal rules to increase public

spending and the BBC reports the BoE telling banks to prepare for "no deal" on

Brexit and thinks 75k jobs could be lost.

- There is a dearth of UK data today, so attention likely on comments from

Brexit Secretary David Davis as he appears in front of the House of Lords EU

select committee this afternoon. No dates have been set for the next round of

negotiations with the EU so this could be one of the questions asked.

- European and US data make up for the lack of UK data today with Eurozone flash

October inflation and first estimate of Q3 GDP at 1000GMT. Then in the afternoon

there is the Chicago PMI release at 1345GMT.