Sterling, Gilts React Modestly as U.K. Budget Won’t Have Much Impact on BOE Policy
The 10-year gilt yield was lower as U.K. government bond yields reacted modestly to U.K. budget plans. Meanwhile, a positive surprise on durable goods orders added momentum to U.S. Treasury yields.
Sterling Could Fall if Gilts Sell Off After U.K. Budget
Sterling could fall further if U.K. government bonds sell off after the U.K. budget at 1230 GMT, ING analyst Chris Turner says in a note. U.K. Treasury chief Rachel Reeves is expected to announce ...