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Sterling came under heavy pressure today, tumbling sharply alongside a selloff in UK government bonds. The 10-year gilt yield surged above 4.65%, up 20 basis points from levels seen just two days ago. The moves came after Prime Minister Keir Starmer’s government backtracked on key parts of its welfare bill to avoid a major Labour […]

The post Sterling Plunges as Gilt Yields Surge Amid UK Political Turmoil appeared first on Action Forex.

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