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Sterling gloom ahead for SSAs despite tumbling records

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Public sector borrowers have been ripping up new issuance records in the sterling market since 2017. But that rich run could all be about to end with underlying spreads making the market unattractive versus euros and dollars. However, that will not deter bank borrowers who are set to party on in pounds, write Burhan Khadbai and David Freitas.

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