Gilts have edges higher at start of....>

GILT SUMMARY: Gilts have edges higher at start of Wednesday trade, underpinned

by mild risk off sentiment flows as markets react to news that Gary Cohn has

resigned over disagreement with Trump over trade tariffs. 10-yr Gilt last 0.4bp

lower at 1.517%.

- News that the EU have dismissed PM May's latest Brexit speech saying it was a

"change in tone but not in substance", and large Gilt redemption and coupon

payments totalling Stg24bln scheduled today also seen supporting bid in Gilts.

- The rally is seen limited though following some hawkish comments rom Fed

Brainard -- headwinds shifting to tailwinds, and suggests she is more in line

with Chair Powell on rates rising 3 times this year.

- Looking ahead there is only Halifax house price data released at 0830GMT from

the UK today, however Chancellor Hammond gives a speech on Brexit. Newswires

have already reported the key points from the speech and it appears to be on the

same lines as PM May's one from last Friday about getting a bespoke trade deal.

While EU's Tusks holds press conference on Brexit draft guidelines at 1215GMT.