The United Kingdom’s gilts remained mixed during European trading hours Wednesday ahead of the Bank of England’s (BoE) monetary policy meeting, scheduled to be held on August 1 by 11:00GMT and Governor Mark Carney’s speech, due by 11:30GMT for further direction in the debt market.
The yield on the benchmark 10-year gilts, traded tad higher 0.637 percent, the 30-year yield jumped 2 basis points to 1.375 percent and the yield on the short-term 2-year remained flat at 0.441 percent by 10:30GMT.
While the appointment of Boris Johnson as Prime Minister has prompted increased concerns, among businesses and financial markets alike, about the prospects of a no-deal Brexit, there was a somewhat surprising improvement in consumer confidence this month, Daiwa Capital Markets reported.
In particular, the headline sentiment index rose 2pts to -11, with households reportedly more optimistic about their personal finances and therefore a greater share assessing it to be an appropriate time to make major purchases – indeed, the survey’s purchase index rose 6pts to +4, a five-month high, the report added.
Meanwhile, the FTSE 100 slipped tad -0.62 percent to 7,599.05 by 10:40GMT.


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