The London Stock Exchange Group offices are seen in the City of London, Britain, December 29, 2017.
Following the data, yields on short-term UK Gilts, reflecting near-term interest rate expectations, slid, aiding a 7.0% surge in rate sensitive real estate investment trusts (.FTNMX351020).
"It may well be due to potential sentiment coming ahead of tomorrow's UK CPI data, with the hope that it comes in lower as well," said Christopher Peters, trading floor manager at Accendo Markets.
UK October CPI data, due on Wednesday, could throw further light on the outlook for domestic monetary policy.
Reporting by Khushi Singh and Johan M Cherian in Bengaluru; Editing by Sherry Jacob-Phillips and Alex RichardsonOur Standards: The Thomson Reuters Trust Principles.
Persons:
Toby Melville, Christopher Peters, Jefferies, Tim Clark, Khushi Singh, Johan M Cherian, Sherry Jacob, Phillips, Alex Richardson
Organizations:
London Stock Exchange Group, City of, REUTERS, Vodafone, Federal, tomorrow's, Accendo Markets, Investors, Entain, Royce, Emirates, Thomson
Locations:
City, City of London, Britain, Teck, U.S, Italy, Bengaluru