Labour is facing increasing pressure...>

GILT SUMMARY: Labour is facing increasing pressure to call for a second

referendum on any potential Brexit deal. While there has been speculation that

Labour could support a Brexit deal without demanding another vote, a group of

Labour MEPs have joined forces to sign a pledge calling for the leadership to

back a referendum.

- This come ahead of a crunch meeting of the National Executive Committee

(Labour's governing body) on Tuesday, after which the Labour Party is expected

to announce its position on a second referendum.

- It has been a relatively quiet session for gilts with yields broadly 1bp

higher on the day. Current yield levels: 2-year 0.732%, 5-year 0.868%, 10-year

1.152%, 30-year 1.678%. 

- The Jun-19 gilt future trades at 127.63, near the middle of the day's range.

- Short sterling futures are 0.5-2.0 ticks lower on the day. 

- Looking ahead, tomorrow will see the release of the GfK Consumer Confidence

series and the Lloyds Business Barometer for April.