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USDCAD TECHS

Heading North

GLOBAL POLITICAL RISK

Modi, AMLO Top Major Economy Leader Poll, Macron Last

AUDUSD TECHS

Under Pressure

EURJPY TECHS

Trend Condition Remains Bearish

The Gilt rally has accelerated after...>

GILT SUMMARY
GILT SUMMARY: The Gilt rally has accelerated after UK Brexit Secretary Dominic
Raab resigned, as PM May`s withdrawal plan faces rising headwinds.
- The Dec 18 Gilt future is up 86 ticks at 122.68 (high was 122.80).
- The 2-Yr yield is down 7.6bps at 0.711%, 5-Yr is down 9.6bps at 0.971%, 10-Yr
is down 9bps at 1.416%, and 30-Yr is down 4.4bps at 1.939%.
- Short Sterling is stronger across the strip, up 10-11 ticks from Sep 20 on.
- With Raab`s surprise announcement, attention will be on other potential
resignations from Parliament, and a possible Conservative leadership contest.
- PM May expected to provide a statement in parliament at 1030GMT.
- Markets are well within their rights to ignore data this morning, but at
0930GMT UK Retail Sales data is released, with a 0.2% m/m rise forecast. 
- At 1030GMT the UK DMO auction Stg2.0bln of the 20-year benchmark 1.75% Sept-37
Gilt which currently trades at a yield of 1.901%.