The Bank of England will attempt to explain the lack of take-up at 08.00 GMT
MNI reporting.
Yesterday's offer of £1.17 bln in longer dated gilts was under-subscribed receiving offers for only £1.12bln despite traders describing the prices as "well above market levels".
The Old Lady is expected to shrug it off to thin August markets and to say it will continue with its QE programme as planned which includes another tranche today of £1.17bln in the 7-15 year period.
Low take-up not exactly good news for the pound.
Also out today at 08.30 GMT is the latest update to the BOE's Agents Summary of Business Conditions which gives indication of UK regional activity and is a key report for the BOE.
