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,…