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Gilts have edged higher so far this morning...>

GILTS: Gilts have edged higher so far this morning despite the better than
expected service PMI data for Spain, as markets digest latest Brexit comments
this time from former BoE governor Lord King. 10-yr Gilt yield is 0.9bp lower at
1.418% with yield curve ever so slightly flatter as the ultra long-end
outperforms the rest of the curve.
- Lord King has attacked the "incompetence" of the governments approach to
Brexit in an interview with the BBC and added that the current debate around
Brexit was "depressing" and was stopping discussions on the "big economic
challenges" faced by the UK today that includes pension saving, finance for the
NHS and cost of elderly care.
- Markets also continue to digest the comments from current BoE governor Mark
Carney at yesterday's TSC were he hinted that he may extended his stay at the
- Looking ahead the key data release today will be the service PMI for August,
and following the disappointments in the manufacturing and construction PMIs,
markets likely pricing in downside risks to the consensus of 53.9 

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