UK Gilt Yields Decline Ahead of Anticipated BoE Rate Cut

The yield on the United Kingdom's 10-year government bonds, known as gilts, has fallen to its lowest level since July 1, as investors brace for the Bank of England's upcoming monetary policy decision. Amid rising unemployment and the economic impact of U.S. President Donald Trump's tariffs, a rate cut is widely expected.

Market Reaction: By 2:33 pm CET, the 10-year gilt yield had decreased by 3.5 basis points to 4.495%, with a further decline observed in the 10-year gilt return by 3.3 basis points to 5.324% by 2:36 pm CET. Additionally, the two-year gilt yield saw a dip of 2.6 basis points to 3.770% by 2:46 pm CET.