empty
 
 

2026.07.0808:27:25UTC+00UK 10-Year Gilt Yields Surge to 4.9% Amid Rate Hike Bets

UK 10-year gilt yields climbed above 4.9%, reaching their highest level since June 10, as traders increased wagers on further Bank of England rate hikes following a sharp rise in crude oil prices. Brent crude hit a two-week high after the United States carried out a new round of strikes in Iran, heightening concerns about the durability of the peace agreement and intensifying inflationary pressures. US President Trump further stoked tensions at the outset of the second day of NATO talks in Ankara, declaring that, in his view, the Iran ceasefire is over.

On the domestic political front, Andy Burnham, the frontrunner to succeed Keir Starmer as prime minister, has yet to name a finance minister, with former energy minister Ed Miliband emerging as the most likely choice. From an economic perspective, a joint survey by the Recruitment & Employment Confederation and KPMG showed that hiring activity registered only a modest decline in June, as geopolitical uncertainty began to recede.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $4000 more!
    In July we raffle $4000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback