Gilts Jump, Pound Drops as BOE Vote Fuels Bets on March Cut
UK benchmark bonds reversed losses and the pound fell after Bank of England policymakers came unexpectedly close to cutting interest rates, prompting traders to bet on further monetary easing.
By Greg Ritchie · Bloomberg Markets
UK benchmark bonds reversed losses and the pound fell after Bank of England policymakers came unexpectedly close to cutting interest rates, prompting traders to bet on further monetary easing.