Pound higher, bonds lower as negative interest rate prospect fades – pensions & investments

Pound higher, bonds lower as negative interest rate prospect fades – pensions & investments

The pound extended its lead, and government bonds fell after Bank of England officials pointed to the potential drawbacks of negative interest rates.

The currency has climbed to its highest since March, bonds have slipped off the curve and money markets have reduced bets on further price cuts to zero in September next year.

“The BOE reiterated that for now it will stay away from sub-zero…

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