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UK government borrowing costs fall as OBR forecasts released early
LONDON, UNITED KINGDOM – MARCH 26, 2025: British Chancellor of the Exchequer Rachel Reeves leaves 11 Downing Street before the announcement of the Spring Statement at the House of Commons on March 26, 2025 in London, United Kingdom. (Photo credit should read: Wiktor Szymanowicz/Future Publishing via Getty Images)
Wiktor Szymanowicz | Future Publishing | Getty Images
The UK government’s borrowing costs fell on Wednesday after the country’s Office for Budget Responsibility unexpectedly released its economic and fiscal forecasts ahead of the Autumn Budget.
Benchmark 10-year gold yields were last trading flat after falling as much as 4 basis points following the announcement.
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