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UK borrowing costs fall as investors' nerves ease
- Yesterday's political turmoil over Chancellor Rachel Reeves' future triggered a sharp rise in UK government bond yields and market volatility.
- This spike resulted from investor fears that Reeves' departure would end fiscal discipline amid concerns over the government's public finances and spending plans.
- Prime Minister Keir Starmer strongly backed Reeves, reassuring markets no Treasury changes are planned, which helped the FTSE 100 and sterling recover by Thursday.
- The 10-year gilt yield fell to 4.53%, the FTSE 100 closed up 0.6% at 8,823.20, and the pound regained ground to $1.3668, showing improved investor sentiment.
- Despite weak business sentiment with rising costs and reduced investment, the easing of borrowing costs and political support suggest cautious confidence may be returning to UK markets.
9 Articles
9 Articles
Evening Standard
The IndependentPound climbs and bond yields ease as PM backs Reeves
The FTSE 100 index closed up 48.51 points at 8,823.20.
UK bond yields fall as markets welcome Starmer’s backing of Reeves – Your Capital Minds
UK government bond markets steadied on Thursday morning after Keir Starmer publicly reaffirmed his support for Chancellor Rachel Reeves, easing investor concerns over fiscal stability in the wake of rising borrowing costs. The rally comes after a sharp sell-off in UK gilts earlier this week, which saw yields on long-dated bonds surge amid speculation that a change in chancellor might lead to looser fiscal policy and higher government borrowing. …
FTSE 100 rallies as UK assets recover after Reeves wobble, US/Vietnam trade deal boosts sentiment
The FTSE 100 was higher on Thursday as the index recovered from a wobble in UK assets following speculation about the Chancellor Rachel Reeves’ future. A trade deal between the US and Vietnam also helped boost sentiment and interest in equities. London’s leading index was 0.4% higher at the time of writing as bond yields […] The post FTSE 100 rallies as UK assets recover after Reeves wobble, US/Vietnam trade deal boosts sentiment appeared first …
UK government in repair mode while more US trade deals are expected – HL’s Streeter shares today’s market report - Wealth DFM
With the FTSE 100 having opened in the green, with investors shrugging off yesterday’s turmoil in Parliament, there is plenty on investors radar today as Susannah Streeter, head of money and markets, Hargreaves Lansdown, explains in this overview: ‘’There’s been a recovery in sentiment for the pound, stocks and UK government debt after scenes in Parliament roiled markets. A Chancellor in tears, a backbench revolt, and signs investors are becomi…
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