United Kingdom 10-Year Treasury Gilt Auction
In most cases, a government bond is issued by a national government and is denominated in the currency of the country. Sovereign bonds are bonds that get issued by national governments in foreign currencies. It is the expectation of inflation and the possibility of debt repayment that determines the yield required by investors to lend funds to governments.
A higher than expected figure should be seen as positive (bullish) for the GBP while a lower than expected figure should be seen as negative (bearish) for the GBP.
Forex Sentiment (GBP)
| Symbol | Community Trend (Shorts vs Longs) | Symbol Popularity | Avg. Short Price / Distance From Price | Avg. Long Price / Distance From Price | Current Price | |
|---|---|---|---|---|---|---|
| GBPUSD |
|
|
1.3093 -358 pips |
1.3521 -70 pips |
1.34506 | |
| GBPJPY |
|
|
197.1615 -302 pips |
199.2296 +95 pips |
200.177 | |
| EURGBP |
|
|
0.8641 -89 pips |
0.8700 +30 pips |
0.87303 | |
| GBPCAD |
|
|
1.8311 -377 pips |
1.8650 +38 pips |
1.86881 | |
| GBPCHF |
|
|
1.0715 +26 pips |
1.0858 -169 pips |
1.06891 | |
| GBPNZD |
|
|
2.2713 -414 pips |
2.1399 +1728 pips |
2.31266 | |
| GBPAUD |
|
|
2.0045 -382 pips |
2.0601 -174 pips |
2.04269 | |
| GBPNOK |
|
|
13.3849 +207 pips |
13.3868 -226 pips |
13.36420 | |
| GBPSEK |
|
|
12.7058 +667 pips |
12.9207 -2816 pips |
12.63914 | |
| GBPSGD |
|
|
1.7311 -19 pips |
1.7355 -25 pips |
1.73301 |
News (GBP)
UK Budget Shortfall Overshoots Estimate
UK government borrowing increased more than expected and also exceeded the official estimate in August, adding pressure on Chancellor Rachel Reeves ahead of the November budget. Public sector net borrowing increased GBP 3.5 billion from the last year to GBP 18.0 billion in August, the Office for National Statistics said Friday.
RTTNews | 5 days ago
Bank Of England Holds Key Rate; Slows Quantitative Tightening
The Bank of England left its interest rate unchanged and softened its pace of quantitative tightening on Thursday, as policymakers were wary about risks to inflation in the U.K. The BoE Monetary Policy Committee, led by Governor Andrew Bailey, voted 7-2 to maintain the bank rate at 4.00 percent.
RTTNews | 6 days ago
UK Inflation Unchanged At 3.8%
U.K. consumer price inflation remained sticky in August on higher food prices, official data showed Wednesday, ahead of the policy announcement by the Bank of England on Thursday. The consumer price index rose 3.8 percent on a yearly basis in August, the same rate of increase as seen in July, the Office for National Statistics reported. Inflation matched economists' expectations and stood well ab
RTTNews | 7 days ago
