The front end of the Sonia curve is...........>

SONIA: The front end of the Sonia curve is modestly flatter in early Wednesday

morning trade compared to Tuesday's close as more newspaper report on

differences in Brexit negotiations and growing concerns from companies as hopes

of a transition deal being agreed by end of the year fade. Looking ahead UK

first estimate of Q3 GDP is released at 0930BST. Unless it comes in

significantly weaker than +0.3% q/q expected, it is unlikely to change chances

of Nov rate hike. MNI PINCH see markets pricing a 82% chance of a 25bp rate hike

in Nov 2017 and following levels in BoE forward dated Sonia:-

* Nov-17 unch at 0.418%

* Dec-17 -0.1bp at 0.442%

* Feb-18 -0.1bp at 0.534%

* Mar-18 unch at 0.541%

* May-18 unch at 0.625%

* Jun-18 -0.3bp at 0.626%

* Aug-18 -0.5bp at 0.681%

* Sep-18 -0.5bp at 0.689%