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UK gilts steady, sterling dips as markets assess new British finance minister
The British pound experienced a minor dip against both the euro and the dollar today, as market participants gauge the fiscal policy strategies of freshly appointed finance minister John Healey. His unexpected appointment by Prime Minister Andy Burnham occurred on Monday, prompting investors to look for clues regarding future spending and welfare initiatives. Following this announcement, British government bonds, referred to as gilts, remained stable.
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independent.co.uk
John Healey named as Chancellor as borrowing costs jump to two-month high
The yield on 10-year Government bonds, called gilts, moved eight basis points higher to 5.049% at the end of London trading.
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Borrowing costs jump to two-month high as Healey named as Chancellor
The yield on 10-year Government bonds, called gilts, moved eight basis points higher to 5.049% at the end of London trading.
