UK bonds increase as stocks drop, home loans slowdown; Pound climbs

Source: Bloomberg
© Scanpix\Reuters
UK bonds climbed for the second day as shares declined and the Bank of England data indicated home loan slowdown in the previous month that increased the demand for the safest gilt assets. The UK's currency strengthened 0.3% to 85.44 versus the Euro and declined 0.3% to $1.5192. Ten-year bond yields fell 0.04 percentage point to 1.93% after the FTSE-100 stocks slipped 1%.

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