A look at the day ahead in European and global markets from Ankur BanerjeeAll sides in the UK gilt markets are hanging tough.
Prime Minister Liz Truss is 'absolutely' committed to her spending plans, the Bank of England is absolutely determined to end its bond-buying by Friday and the markets are absolutely unconvinced about stability and calm.
If that wasn't enough cause for worry, August GDP data showed the United Kingdom is on the brink of recession.
Yet, he points to how that may not mean the BoE continues buying gilts in conflict with its inflation objective.
Meanwhile, investors anxiously await U.S. inflation data for September later on Thursday.