Gilts have opened lower with yield.....>

GILT SUMMARY: Gilts have opened lower with yield curve shifting higher as Brexit

Secretary David Davis gives in to Tory rebels and Labour in granting a vote on

the final Brexit deal. Markets are thin however, as traders look ahead to key

inflation data and comments from Bank of England Governor Mark Carney. 10-yr

Gilt yield is 1bp higher at 1.342%.

- Davis announced last night that he will allow parliament to vote on the final

Brexit deal, however it pretty much is a take-it-or-leave-it vote as the UK will

still leave the EU on Mar 29, 2019. This was seen as a big concession to the

Tory rebels and Labour ahead of key debate on EU withdrawal Bill.

- Davis is also reported to have told business leaders that there is a 50/50

chance of a December deal.

- Main event today will be release of UK Oct CPI, but with markets already

pricing in a rise to 3.1% y/y there could be more reaction if the number comes

in below rather than above consensus.

- BOE Carney joins Fed Yellen, ECB Draghi and BOJ Kuroda in panel discussion at

1000GMT in Frankfurt, while BoE Cunliffe speaks after market closes in Oxford.