Gilts have opened on the front foot with......>

GILTS: Gilts have opened on the front foot with yield curve slightly flatter,

supported by mild risk off flows and weak sterling as a possible no-deal Brexit

outcome weighs on trader's minds. UK 10-yr Gilt yield is 2.8bp lower at 1.291%

according to Tradeweb.

- There where further comments from BoE MPC member Ian McCafferty last night

saying that a the Brexit vote has made the UK poorer and finds it hard to see

the country will be in a better trade position than it is currently at least for

a significant period.

- Also overnight the RICS house price balance survey came in-line with consensus

at 4% in July up 1 tick from June, however still pointed to a deceleration in

house price growth over the next 6-months

- No further data from or official speakers scheduled from the UK today, so

markets likely to be watching headlines crossing the wires

- Short sterling futures are steady to 3 ticks higher lead by move higher in

Green and Blue contracts and therefore flattening the strip.