In the book "Git: Version Control for Everyone. Beginner\'s Guide" on page 69 there is a suggestion: "As an alternative to git pull, we can also
It is a shortcut to refer to the upstream branch which the current branch is tracking. So for instance if you're on branch topic/fix_blub which is tracking origin/topic/fix_blub then git merge @{u} does the same thing as git merge origin/topic/fix_blub.
@{u} is part of Git's mini-language for locating revisions, which is described in detail here.