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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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Free AccessGilts are turning lower and Sterling...>
GILT SUMMARY: Gilts are turning lower and Sterling higher despite Brexit risk
ahead of a key Cabinet meeting today.
- The Dec 18 Gilt future is down 9 ticks at 120.67, having traded in a range of
120.59-120.78 today.
- Curve flat, 10s underperforming: 2-Yr yield up 0.1bps at 0.819%, 5-Yr is up
0.1bps at 1.171%, 10-Yr up 0.4bps at 1.614%, and 30-Yr up 0.2bps at 2.024%.
- Main event is PM May set to discuss Brexit at Cabinet today. Telegaph reports
eurosceptic ministers set to bring a vote of no confidence in May if she does
not change tack on the Chequers proposal.
- Against this backdrop, Sterling outperforming amid global FX, up 0.27% at
1.3187 vs USD.
- Short Sterling off a tick further down the strip (Greens and Blues).
- A fairly unexciting outcome is expected in the UK for the Aug labour report.
Unemployment is anticipated to remain unch at 4.0% and earnings including / ex
bonuses are expected to remain at 2.6% and 2.9% 3M Y/Y respectively.
To read the full story
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.