Pound falls, while gilts advance due to higher demand in an auction

Note: This section contains information in English only.
Source: Bloomberg
The 10-year gilts advanced due to higher demand in a 3.5 billion-Pound auction. Investors demanded 1.76 times worth the securities offered, compared to 1.52 times the last time an auction was held. The yield on 10-year gilts dropped 3 basis points to 2.38%. The Sterling slid 0.3% to 1.5169 per U.S. Dollar and was little changed against the Euro as it stayed at 0.8586.
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