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Higher on the open

GILTS

Gilts open a bit higher after the BOE QE announcement this morning.

  • Gilts trading around 136.65 at the open. Our technical analyst sees the next resistance at 136.97, the high of October 16 and the bull trigger.
  • Note that Chancellor Sunak will give an economic update later where the details of the extension to the furlough scheme are expected to be announced.

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