Gilts Outperform Eurozone Peers as Brent Falls 3.6%
Brent crude falls 3.6% to $94.8 a barrel as U.K. government bonds outperform eurozone peers. The report says the oil decline calms inflation concerns and reduces prospects of sharp Bank of England rate rises.
U.K. government bonds, or gilts, outperform their eurozone equivalents amid drop in oil prices. Brent crude falls 3.6% to $94.8 a barrel, calming inflation concerns and reducing the prospects of sharp interest rate rises by the Bank of England. Markets expect two BOE rate increases by June 2027, an…