The United Kingdom’s gilts remained mixed during Tuesday’s afternoon session ahead of the Bank of England’s (BoE) monetary policy decision, scheduled to be unveiled on November 1 by 12:00GMT, followed by Governor Mark Carney’s speech, by 12:30GMT for further direction in the debt market.
The yield on the benchmark 10-year gilts, rose nearly 1 basis point to 1.408 percent, the super-long 30-year bond yields slipped 1/2 basis point to 1.836 percent and the yield on the short-term 2-year traded nearly flat at 0.727 percent by 10:40GMT.
The UK dataflow continues today with the CBI Distributive Trades survey, which should give the first insight into activity on the UK High Street this month. Retail sales grew very rapidly over the summer, and while we saw some moderation in September, the increase in Q3 as a whole of 1.2 percent was still strong. Today’s survey, however, seems likely to be consistent with a further gradual slowdown, Daiwa Capital Markets reported.
Meanwhile, the FTSE 100 rose 0.06 percent to 7,031.69 by 10:45GMT, while at 10:00GMT, the FxWirePro's Hourly Pound Strength Index remained highly bearish at -114.14 (a reading above +75 indicates a bullish trend, while that below -75 a bearish trend). For more details, visit http://www.fxwirepro.com/currencyindex


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