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2025-10-31 23:21:44
[Lack of Clear Signs of Weakness in the UK Economy Makes the Bank of England's Rate Cut Path Uncertain] Shane O'Neill of Validus Risk Management noted in a report that the lack of clear signs of weakness in the UK economy makes the Bank of England's rate cut path uncertain. He stated that the uncertainty surrounding the Bank of England's rate cut, along with persistent fiscal concerns ahead of the November 26th budget announcement, has limited the extent of the decline in UK government bond yields. O'Neill believes that if UK inflation and employment data continue to weaken, it will provide the necessary evidence for the Bank of England to lower interest rates in the coming months. Tradeweb data shows that the yield on 10-year UK government bonds is slightly high at 4.414%.
