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2025-12-15 21:39:14
[UK 10-Year Gill Yields Hold Steady as Market Awaits Bank of England Decision and Data] ⑴ UK 10-year gilt yields remained largely steady around 4.5% as traders prepared for the Bank of England's monetary policy decision later this week. ⑵ The market widely expects the central bank to cut its key interest rate by 25 basis points to 3.75%, bringing it to its lowest level since 2022. ⑶ This move comes against a backdrop of rising unemployment and a stagnant UK economy easing inflationary pressures. ⑷ However, the latest economic data to be released ahead of the central bank's decision will help shape the outlook for monetary policy in 2026. ⑸ This data includes wage growth and inflation reports, both of which are expected to slow. ⑹ Market participants continue to price in one or two further rate cuts next year, and these expectations are likely to be influenced by these upcoming data releases.
