January 17, 2025 – Written by Tim Boyer
STORY LINK Pound Sterling Recovery Stalls, BoE Rate Cut Seen Inevitable
Relatively benign US and UK inflation data on Wednesday, coupled with another weak UK GDP release, have provided significant relief for the UK bond market.
The UK 10-year yield has settled around 4.74% compared with 16-year highs above 4.90% recorded earlier this week.
Although fears surrounding the bond market have eased, the Pound has remained on the defensive, especially with very strong expectations of a Bank of England…
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