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GILT SUMMARY
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. 

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