The United Kingdom’s gilts surged during European trading hours Wednesday after the country’s consumer price inflation (CPI) for the month of June, released today, remained unchanged from that in May, also meeting market estimates.
Investors will now eye the country’s retail sales for the month of June, scheduled to be released on July 18 by 14:00GMT.
The yield on the benchmark 10-year gilts, plunged 4-1/2 basis points to 0.774 percent, the 30-year yield rose suffered nearly 1-1/2 basis points to 1.395 percent and the yield on the short-term 2-year slumped nearly 4 basis points to 0.549 percent by 10:55GMT.
Britain’s June CPI remained unchanged at an annualised reading of 2 percent y/y in June, matching consensus and in line with May’s reading, also holding steady at the Bank of England’s target inflation rate of 2 percent.
Meanwhile, the FTSE 100 remained tad -0.15 percent lower at 7,565.61 by 11:00GMT


Japan Signals Possible Yen Intervention as Currency Weakens Despite BOJ Rate Hike
Global Demand for Yuan Loans and Bonds Surges as China Pushes Currency Internationalization
Why U.S. Coffee Prices Are Staying High Despite Trump’s Tariff Rollbacks
Silver Prices Hit Record High as Geopolitical Tensions Fuel Safe-Haven Demand
China’s Power Market Revamp Fuels Global Boom in Energy Storage Batteries
UK Economy Grows 0.1% in Q3 2025 as Outlook Remains Fragile
U.S. Stock Futures Slip After CPI-Fueled Rally as Markets Weigh Economic Uncertainty
Trump Defends Economic Record in North Carolina as Midterm Election Pressure Mounts
China Keeps Benchmark Lending Rates Steady as Economic Outlook Remains Cautious
U.S. Stocks End Week Higher as Tech Rally Offsets Consumer Weakness
Asian Stocks Slide as AI Spending Fears and Global Central Bank Decisions Weigh on Markets 



