UK gilt yields extended earlier gains to the highest since June 10 after US President Trump said a ceasefire with Iran had ended. The statement pushed Brent crude prices higher, raising UK inflation risk and could increase the likelihood the Bank of England raises rates in coming months.

2026-07-08

UK gilt yields extended earlier gains to the highest since June 10 after US President Trump said a ceasefire with Iran had ended. The statement pushed Brent crude prices higher, raising UK inflation risk and could increase the likelihood the Bank of England raises rates in coming months.