The UK gilts traded flat Wednesday as investors remain keen to watch the country’s fourth-quarter gross domestic product (GDP), due to be release by the end of this week, which will remain crucial in deciding further movements in the money market.
The yield on the benchmark 10-year gilts, which moves inversely to its price, hovered around 1.19 percent, the super-long 30-year bond yields also remained flat at 1.77 percent while the yield on the short-term 2-year traded nearly 1 basis points down at 0.17 percent by 09:40 GMT.
The UK gilts have been closely following developments in oil markets because of their impact on inflation expectations. The International benchmark Brent futures moved higher by 0.68 percent to USD51.76 and West Texas Intermediate (WTI) rose 0.70 percent to USD48.71 by 10:00 GMT.
Meanwhile, the FTSE 100 fell 0.07 percent or 5.92 points to 7,338.25 by 09:40 GMT, while at 09:00GMT, the FxWirePro's Hourly Pound Strength Index remained neutral at -32.83 (a reading above +75 indicates a bullish trend, while that below -75 a bearish trend). For more details, visit http://www.fxwirepro.com/currencyindex


Yen Near Lows as Markets Await Bank of Japan Rate Decision, Euro Slips After ECB Signals Caution
Japan Signals Possible Yen Intervention as Currency Weakens Despite BOJ Rate Hike
Russia Stocks End Flat as Energy Shares Support MOEX Index
Austan Goolsbee Signals Potential for More Fed Rate Cuts as Inflation Shows Improvement
Best Gold Stocks to Buy Now: AABB, GOLD, GDX
Yen Slides as BOJ Caution Undercuts Rate Hike Impact
EU Approves €90 Billion Ukraine Aid as Frozen Russian Asset Plan Stalls
Asian Stocks Rise as Wall Street Tech Rally Lifts Markets, Yen Slumps Despite BOJ Rate Hike 



