- Gilts are up slightly to open........>

GILT SUMMARY: - Gilts are up slightly to open Wendesday. With the Bank of

England meeting Thursday set to be something of a dead letter, Brexit headlines

likely to continue setting the tone. 

- The Dec18 Gilt future is up 4 ticks at 121.73, with the curve as a whole

largely flat: 2-Yr yield down 0.4bps at 0.790%, 10-Yr down 0.4bps at 1.496% and

30-Yr down 0.5bps at 1.847%.

- Short Sterling futures are largely flat, with the Sep 18 contract 0.5 ticks

lower at 99.195 ahead of BOE tomorrow.

- EC president Juncker`s address to the European Parliament Wednesday is set to

touch briefly on Brexit, holding firm on EU negotiators' demands, but that the

UK will never be an 'ordinary third country' for the EU, Reuters reported in

advance citing senior EU official (speech ongoing at time of publication).

- Further discord within the government reported overnight, as 50 Conservative

MPs allegedly (BBC) discussed a plot to remove PM May over discontent on the

Chequers agreement.

- No UK data released today.