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* Sonia last fixed at 0.7074% down from.......>

SONIA
SONIA: * Sonia last fixed at 0.7074% down from 0.7075% with volume at GBP43.4bln
down from GBP43.6bln.
* The GBP OIS curve has steepened over the last week on the back of the Article
50 extension. This mirrors developments in FX where cable risk reversals have
reversed sharply as the risk of an imminent no-deal Brexit has been taken off
the table.
* With the economy continuing to hold up relatively well in the face of Brexit
risks and heightened global economic uncertainty, the A50 extension could pave
the way for a modest re-pricing of the BoE rate path in the short term.

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