Browsed by
Tag: Government Borrowing

UK Markets Rebound as Chancellor Reeves Gains Confidence Amidst Fiscal Shifts

UK Markets Rebound as Chancellor Reeves Gains Confidence Amidst Fiscal Shifts

UK Markets Rebound as Chancellor Reeves Gains Confidence Amidst Fiscal Shifts UK borrowing costs have seen a significant fall, partially reversing a recent surge that followed Chancellor Rachel Reeves’ emotional appearance in the Commons earlier this week. The yield on UK 10-year bonds dropped to 4.55% from 4.61% at the previous day’s close, as markets reacted positively to Prime Minister Sir Kier Starmer’s assurance that he works “in lockstep” with Reeves. The pound also saw a recovery, rising to $1.3668,…

Read More Read More