The United Kingdom’s gilts surged during European trading hours Wednesday after the country’s consumer price inflation (CPI) for the month of June, released today, remained unchanged from that in May, also meeting market estimates.
Investors will now eye the country’s retail sales for the month of June, scheduled to be released on July 18 by 14:00GMT.
The yield on the benchmark 10-year gilts, plunged 4-1/2 basis points to 0.774 percent, the 30-year yield rose suffered nearly 1-1/2 basis points to 1.395 percent and the yield on the short-term 2-year slumped nearly 4 basis points to 0.549 percent by 10:55GMT.
Britain’s June CPI remained unchanged at an annualised reading of 2 percent y/y in June, matching consensus and in line with May’s reading, also holding steady at the Bank of England’s target inflation rate of 2 percent.
Meanwhile, the FTSE 100 remained tad -0.15 percent lower at 7,565.61 by 11:00GMT


Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed
Dollar Near Two-Week High as Stock Rout, AI Concerns and Global Events Drive Market Volatility
Dow Hits 50,000 as U.S. Stocks Stage Strong Rebound Amid AI Volatility
South Korea Assures U.S. on Trade Deal Commitments Amid Tariff Concerns
Best Gold Stocks to Buy Now: AABB, GOLD, GDX
Thailand Inflation Remains Negative for 10th Straight Month in January
Oil Prices Slide on US-Iran Talks, Dollar Strength and Profit-Taking Pressure
Silver Prices Plunge in Asian Trade as Dollar Strength Triggers Fresh Precious Metals Sell-Off
Bank of Japan Signals Readiness for Near-Term Rate Hike as Inflation Nears Target
U.S.-India Trade Framework Signals Major Shift in Tariffs, Energy, and Supply Chains
U.S. Stock Futures Slide as Tech Rout Deepens on Amazon Capex Shock 



