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

SONIA
SONIA: The front end of the Sonia curve is touch steeper in early Tuesday
morning trade compared to Monday's close as PM May and EU's Juncker agree that
Brexit talks should be stepped up and that talks over dinner where
"constructive". Main focus today will be September CPI and PPI data released at
0930BST and comments from BoE's David Ramsden, Silvana Tenreyro and Mark Carney
at the Treasury Select committee from 0915BST. Consensus is for CPI to rise to
3.0% y/y from 2.9%. MNI PINCH see markets pricing a 87% chance of a 25bp rate
hike in Nov 2017 and following levels in BoE forward dated Sonia:-
* Nov-17 +0.1bp at 0.427%
* Dec-17 +0.1bp at 0.443%
* Feb-18 -0.2bp at 0.544%
* Mar-18 -0.3bp at 0.558%
* May-18 +0.2bp at 0.663%
* Jun-18 +0.3bp at 0.672%
* Aug-18 +0.3bp at 0.732%
* Sep-18 unch at 0.734%

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