Pound drops hard as the gilt market comes undone ...Middle East

Cable is down more than a full cent in the past hour. The catalyst is a selloff in the UK bond market.

There are rumors about the future of Chancellor of the Exchequer Rachel Reeves and the UK government is in damage control.

That's an ugly move with 10s up 20 bps and 2s up 9.6 bps as well.

This article was written by Adam Button at www.forexlive.com.

Hence then, the article about pound drops hard as the gilt market comes undone was published today ( Wednesday 02/07/2025 - 03:50 PM ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( Pound drops hard as the gilt market comes undone )

Also on site :

• 12-year old Russian beats world chess champion
• Hundreds of popular grocery, drug-store items recalled due to ‘filth' at Midwest distribution center
• Passengers stuck on Delta flight for more than two hours after landing at Rochester airport