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Small unwind from the high of the session in Gilts.
- Some desk sees Sunak plan as quite underwhelming, but it comes in the middle of expectations so there will always be some that are very disappointed and some pleasantly surprised..
- Price action showed that on the margin the market was somewhat disappointed with institutions better buyers of the longer end Gilts, pushing the curve bull flatter.
- Next stop on the calendar for the UK, Andrew Bailey is a guest speaker at the North East England Chamber of Commerce, in just over an hour