Reported about 13 hours ago
The UK bond market saw significant gains in October, with gilts delivering their best performance in nearly two years. Investors, including major firms like Aberdeen and JPMorgan, are optimistic about further increases driven by anticipated interest rate cuts by the Bank of England. Analysts believe easing inflation and upcoming budget announcements may support the bond market, despite overarching economic challenges. This rebound could accelerate if the Bank of England unexpectedly lowers rates in its next meeting.
Source: YAHOO