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UK 10 Year Government Bond

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Editor’s Remarks:
The Bank of England voted unanimously to keep rates unchanged in their Monetary Policy Summary meeting yesterday. UK 10-year government bond yields increased by 0.13% to 1.52 from 1.39 in the previous trading session on news of this announcement. The pound then dropped to a two-week low amongst 16 of its major peers and Bank of England officials maintained the asset-purchase target at £435bn. Governor Mark Carney indicated that inflation will climb to over 2% in 2017 and will continue at this level over the next decade. Markets appeared to have factored in a Soft Brexit and so the negotiations procedure will have a big impact on monetary policy and market movements.

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