Gilts yields edged lower after the a consumer confidence survey showed declining confidence in the U.K., raising the possibility of more interest-rate cuts from the BOE.
Sterling fell as much as 0.7% against the dollar to $1.21, its lowest level since November 2023. It was last at $1.2124.
Gilt yields declined following reassurances from U.K. Treasury chief Rachel Reeves to U.K. businesses while speaking at Davos.
The ongoing global government bond selloff has pushed 30-year gilt yields to their highest level since 1998, drawing ...
A closely watched sale of UK government debt yielded disappointing results after the £4bn auction failed to drum up interest ...
UK government debt put in a better performance, after new figures hinted at softer inflationary pressures in the world's ...
The FTSE 100 was forecast to open 22 points lower at 8226, falling .9% since Friday. Meanwhile, UK 10-year gilt yields have ...
In another setback for Rachel Reeves (pictured), sterling slumped by as much as a cent to a 14-month low of $1.21 against the ...
The U.K's Debt Management Office sold 4 billion pounds ($4.89 billion) in July 2034-dated government bonds, or gilts, at an auction on Wednesday, which was relatively well-received.
Fitch Ratings has revealed that the increasing yields on government bonds, even in the context of policy rate reductions by ...
Tuesday's auction came after a recent jump in the yields on long-dated U.K. government bonds, or gilts. This took the yield on the 30-year conventional gilt to its highest since 1998 last week.
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