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UK borrowing costs fall as investors' nerves ease
The cost of government borrowing has fallen in early trade, partly reversing a surge prompted by the chancellor's emotional appearance in the Commons the previous day. The yield on UK 10-year bonds fell to 4.52%, down from 4.61% at Wednesday's close - as markets reacted to the prime minister's comments that he worked "in lockstep" with Rachel Reeves. The pound, which also fell on Wednesday, rose to $1.3668, although it has not regained all the ground it lost. One analyst told the BBC that financial markets seemed to be backing the chancellor, afraid that if she left her job then control over the ... (full story)
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