Business & Economy
Pound hits highest level since Brexit vote, with Bank of England expected to raise interest rates today – business live
Source: Business | The Guardian · Published
Sterling is its strongest against a basket of currencies since 2016, as UK braces for first interest rate rise in over three years UK government bond prices are also rallying today. This has pushed down the yield, or rate of return, on UK 10-year gilts by 4 basis points (0.04 of
Sterling is its strongest against a basket of currencies since 2016, as UK braces for first interest rate rise in over three years UK government bond prices are also rallying today. This has pushed down the yield, or rate of return, on UK 10-year gilts by 4 basis points (0.04 of a percentage point) to the lowest since August 28, below 5.1%. Continue reading...
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