UK borrowing costs rise to highest since May on oil surge
The 10-year UK gilt yield briefly exceeded 5 percent in mid-July 2026, its highest level since May.
The 10-year UK gilt yield briefly exceeded 5 percent in mid-July 2026, its highest level since May.
Sarah Breeden stated that the weak UK economic backdrop reduces the risk of inflation becoming sticky through wages and price-setting behaviour.
China’s GDP grew 4.3% year-on-year in Q2 2026, down from 5.0% in Q1 and below the expected 4.5%.
Four in ten UK businesses plan to cut investment due to high energy costs driven by policy levies.