Gilt Yields Rise as BOE Rate Expectations Increase1036 GMT - U.K. gilt yields rise as investors anticipate further interest rate increases from the Bank of England after a string of stronger than expected U.K. economic data, including inflation and wage figures. Investors place an 83% probability of a 50 basis-point rate increase from the BOE at the August 3 meeting, Refinitiv data show. The U.K. 2-year gilt yield rises around 7 basis points to last trade at 5.345%, while the U.K. 10-year gilt yield is up around 1bp at 4.399%, Tradeweb data show. ---Keras Resources Shares Suspended on Delay of 2022 Financial ReportKeras Resources said Monday that its shares will be suspended as it postpones its annual financial report following a delay of funds received and payed. GBP/USD should be driven by dollar movements given there is little U.K. data or Bank of England speakers due this week.

Source: Wall Street Journal July 03, 2023 17:11 UTC