LONDON, UNITED KINGDOM - MARCH 26, 2025: Britain's Chancellor of the Exchequer Rachel Reeves leaves 11 Downing Street up of the announcement of the Spring Statement successful the House of Commons successful London, United Kingdom connected March 26, 2025. (Photo recognition should work Wiktor Szymanowicz/Future Publishing via Getty Images)
Wiktor Szymanowicz | Future Publishing | Getty Images
U.K. authorities borrowing costs fell connected Wednesday aft the country's Office for Budget Responsibility unexpectedly released its economical and fiscal forecasts up of the Autumn Budget.
Yields connected the benchmark 10-year gilt were past seen 2 ground points little astatine 4.48%, aft falling arsenic overmuch 4 ground points pursuing the release.
The OBR was scheduled to people its forecasts pursuing the budget, which Finance Minister Rachel Reeves volition present successful parliament astatine 12:30 p.m. London clip (7:30 a.m. ET).
A spokesperson for the OBR did not instantly respond to CNBC's petition for comment.
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