Sterling steady, gilts yields hold higher as Reeves delivers spending review
Sterling was little changed and UK government bond yields held higher on Wednesday, as British finance minister Rachel Reeves delivered a spending review dividing up more than 2 trillion pounds ($2.7 trillion) of public spending.
Britain's 10-year gilt yield was last up 6 bps to 4.6% , holding higher on the day and underperforming its peers. Bond yields across other big European government markets were up around 2 bps.
Sterling was steady at around $1.349 and 84.70 pence per euro.
(Reporting by Lucy Raitano; editing by Dhara Ranasinghe)
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