Sterling and gilt yields fall after BOE holds rates
U.K. government bond yields and sterling fell after the Bank of England held interest rates steady at 3.75% and outlined plans to overhaul its approach to reducing its balance sheet, citing little evidence of second-round wage effects.
K. 75% and said it plans to overhaul how it reduces its balance sheet. The central bank said there had been little evidence of second-round effects in wages.