British revenue hit three-month low

British 10-year government bond yields fell to their lowest levels in three months, reaching 4.676%, amid increased demand for bonds amid a global wave of rising yields. This came after a significant decline in oil prices to levels not seen since before the start of the Iranian war. At the same time, Brent crude oil prices dropped by 4%, and movement continued out of oil tankers through the Strait of Hormuz. The British bond market showed little concern about the possible replacement of the finance minister, as investors awaited details of the plan from the expected candidate to succeed the Prime Minister.

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