Rishi Sunak wants to cut the cost of ‘sicknote’ Britain 
China’s new world order: looking for clues from Xi’s recent meetings with foreign leaders 
Inflation is slowly falling, while student debt is climbing: 6 graphs that explain today’s CPI 
How India’s economy has fared under ten years of Narendra Modi 
The UK has become the world’s fourth largest exporter, but can it maintain this momentum? 
The UK gilts continued to plunge Tuesday as investors wait to watch the Bank of England’s (BoE) monetary policy meeting, scheduled to be held on May 11. Also, the country’s manufacturing production for the month of March, due for release on the same day will be eyed for further direction in the debt market.
The yield on the benchmark 10-year gilts, jumped 3-1/2 basis points to 1.18 percent, the super-long 30-year bond yields climbed 2 basis points to 1.84 percent and the yield on the short-term 2-year traded 1 basis point higher at 0.16 percent by 09:50 GMT.
The BoE’s monetary policy committee (MPC) is expected to keep the benchmark policy rate unchanged at its May meeting, maintaining a ‘neutral’ policy bias relative to a market path of interest rates that, compared with February’s Inflation Report, envisages a more gradual withdrawal of monetary stimulus over the forecast horizon.
With the Bank Rate expected to be maintained at 0.25 percent, other aspects of the MPC’s August 2016 package have mostly run their course. Purchases of both gilts and corporate bonds have reached their respective target stocks of GBP435 billion and GBP10 billion and no further expansion of either is expected at this stage, Lloyds Bank reported.
Meanwhile, the FTSE 100 rose 0.52 percent or 37.94 points to 7,338.80 by 09:50 GMT, while at 09:00GMT, the FxWirePro's Hourly Pound Strength Index remained neutral at 36.45 (a reading above +75 indicates a bullish trend, while that below -75 a bearish trend). For more details, visit http://www.fxwirepro.com/currencyindex
