Tag: U.K. 2 Year Gilt
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Key U.K. mortgage rate tops 6% as Bank of England set to hike again
[ad_1] A key U.K. mortgage rate topped 6%, days ahead of a Bank of England rate decision where the central bank is again expected to lift interest rates. The average rate for the two-year fixed-rate mortgage stood at 6.01%, according to Moneyfacts. That’s a big shock as more than 1.4 million households this year face…
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Pound slips below $1.26 as Bank of England set to hike rates again
[ad_1] The British pound has put the volatility in U.K. financial markets during the premiership of Liz Truss very far in the rearview window as the Bank of England readies another interest-rate hike. The U.K. currency GBPUSD was trading below $1.26, though still registering an impressive recovery since falling as low as $1.03 in the…
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Lingering double-digit inflation sends U.K. bond yields higher
[ad_1] U.K. bond yields jumped Wednesday after data showing inflation lingering above 10%. The yield on the 2-year gilt TMBMKGB-02Y, 3.844% rose 13 basis points to 3.81% as the Office for National Statistics reported that inflation in March slowed to 10.1% year-over-year from 10.4%, and that core inflation stayed at 6.2%. Economists polled by Reuters…