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 ...
Fitch Ratings has revealed that the increasing yields on government bonds, even in the context of policy rate reductions by ...
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.
Insight Investment head of market strategy Rob Gall agrees: "The rise in yields will mean some schemes need to replenish their buffers to some extent, but pension scheme gilt portfolios overall are ...
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