British revenues hit three-month low
British 10-year bond yields fell to their lowest level in three months, registering 4.676% during trading, amid a global wave of rising bond prices. This decline followed a sharp drop in oil prices to levels not seen since the start of the Iranian war, with Brent crude continuing to decline by 4% to reach the lowest level since the onset of the conflict in late February. The UK market, valued at £2.9 trillion, showed relative stability despite reports of a possible replacement for the finance minister, as investors awaited details of the British government’s plans regarding taxes, spending, and borrowing.
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