Pound Drops, Gilts Gain as Chancellor Speaks Ahead of UK Budget
Pound Drops, Gilts Gain as Chancellor Speaks Ahead of UK Budget
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Pound Drops, Gilts Gain as Chancellor Speaks Ahead of UK Budget

🕒︎ 2025-11-04

Copyright Bloomberg

Pound Drops, Gilts Gain as Chancellor Speaks Ahead of UK Budget

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world The pound fell and government bonds gained as Chancellor Rachel Reeves gave a speech setting out the UK’s financial challenges ahead of her budget due later this month. Sterling dropped as much as 0.3% to $1.3100, the lowest since Friday, while the 10-year gilt yield slid six basis points to 4.38%. The 30-year yield fell to its lowest level since April.

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