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Markets/great britain: yields climbing, book:
British Finance Minister Rachel Reeves
British obligations yields are climbing and the Sterling book drops on Wednesday, the day after the government’s decision to return to its social benefits reduction plans and after the appearance of finance minister Rachel Reeves, apparently upset, before Parliament. However,
The yield of the state obligation at 10 years old, or Gilt, takes more than 20 base points to 4.66%, investors turning away from British debt. Meanwhile, He is on the way to knowing his strongest daily increase since October 2022. Therefore, the bond crash caused by the presentation of the budget of the Prime Minister of the time, Liz Truss. Consequently,
“The yields of the Gilts were markets/great britain: yields climbing, book increasing. but they started to climb during the question session of the government in Parliament, because Rachel Reeves seemed completely upset,” said Neil Wilson, analyst at Saxobank.
Prime Minister Keir Starmer’s press officer later said that Rachel Reeves benefited from his total support. was upset due to a “personal affair”.
Rachel Reeves has repeatedly stressed his commitment to respect the budgetary rules, limiting the amount of loans from Great Britain.
The pound sterling lost 1% against the dollar and 0.61% against the euro, also amplifying its losses after the intervention of Rachel Reeves in Parliament.
The FTSE 100 index of the London Stock Exchange yields 0.41%.
“It is Rachel Reeves who finds himself in a very difficult situation following a series of flip-flops. which means that the savings that had been planned … (will not be) made. ” notes Dani markets/great britain: yields climbing, book Hewson, head of financial analysis at AJ Bell
“What happened in Parliament today has absolutely destabilized (investors) because the market is more and more worried about the position of Rachel Reeves,” he adds. Additionally,
(Written by Alun John. Andy Bruce and Johann Cherian; French version Diana Mandia, edited by Blandine Hénault)
markets/great britain: yields climbing, book — Markets/great britain: yields climbing, book: British Finance Minister Rachel Reeves British obligations yields are climbing and the Sterling book drops on Wednesda.
Markets/great britain: yields climbing, book
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