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Bond vigilantes also sold gilts en masse, with UK government bond yields rising due to Andy Burnham's announcement.
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Burnham spooks markets with pound nosediving amid Starmer challenge

Why Britain’s potential next PM is putting investors on edge

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Gilts de 30 anos disparam ao maior nível desde 1998 com turbulência política e preocupação fiscal no Reino Unido

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Andy Burnham cleared for by-election – but can he beat Reform?