RSS GBP underperforms as Gilts remain weak – Scotiabank

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 RSS GBP underperforms as Gilts remain weak – Scotiabank

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The Pound Sterling (GBP) fell to its lowest since 2023 before steadying. UK 1OY yields rose 120bps in a handful of disorderly trading days either side of the infamous 2022 UK budget and required the BoE to step in a stabilize the markets, Scotiabank’s Chief FX Strategist Shaun Osborne notes.
 
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