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The most significant UK-specific event of the....>

UK
UK: The most significant UK-specific event of the upcoming week will be the
April activity data which is due for release on Friday. This will include
monthly GDP, index of services, industrial production and construction while
trade data will also be released. This will be the most comprehensive dataset
for the Bank of England to analyse the impacts of the lockdown on the UK
economy.
- After last week's dovish ECB meeting and this week's FOMC meeting, markets
will begin to turn their attention to next week's Bank of England MPC meeting
with market focus continuing to look for any further guidance on negative rates.
- This week the DMO will launch two new gilts - the 0.625% Oct-50 gilt via
syndication on Tuesday and the 0.125% Jan-28 gilt via auction on Thursday. Also
on offer this week will be the 0.125% Nov-26 linker on Wednesday and the 1.00%
Apr-24 gilt on Thursday. Coupon payments of just over GBP3.5bln from
conventional will also be paid to the market (ex-APF holdings this week).
- For more see the MNI Gilt Week Ahead (sent to MNI Markets subscribers at
6:30BST this morning).

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