Forexlive
30 - year gilt yields rise 15 basis points as Reeves bails on tax hike
The UK Labour government ditched plans to raise income tax after spending weeks laying the groundwork for the move.The problem is that it puts a hole in the government budget. Now there is some spin that they got a better fiscal forecast from the OBR but the bond market isn't seeing the same thing.
GBP
Source: Finnhub