Bank of England expected to raise interest rates today; FTSE 100 hits three-month high – business live
Rolling coverage of the latest economic and financial news, as UK braces for first interest rate rise in over three years UK government bond prices are also rallying today.
This has pushed down the yield, or rate of return, on UK 10-year gilts by 4 basis points (0.04 of a percentage point) to the lowest since August 28, below 5.1%.
Most analysts are predicting an increase from 3.75% to 4%, the first increase in more than three years.
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