Starmer future speculation sparks sell-off in long-dated bonds and pound Markets Speculation over Keir Starmer’s future has unleashed a fresh round of market unease, with investors dumping the pound, UK equities and long-dated government bonds amid the political uncertainty. The gulf in price between the UK’s short- and long-term debt – known as the yield curve – reached its highest since 2018, in a sign investors [...]
Bond market braces for gilt and sterling tremors Markets Bond market participants are bracing for a fresh round of turbulence in the aftermath of Wednesday’s Budget, with investors rejigging their exposure to gilts having warned the Chancellor’s fiscal plans are “very much under the microscope”. Rachel Reeves is expected to use her second major fiscal shake-up mount a historic tax and spend consolidation in [...]