How markets reacted to uncertainty over Rachel Reeves's future

UK government bond markets rally after Starmer backs Reeves

Bond yields fall, reversing a sharp rise on Wednesday sparked by speculation over the future of the chancellor• Business live – latest updatesUK government bonds have rallied after Keir Starmer backed Rachel Reeves to remain as chancellor for “a very long time” despite lingering investor concerns over a multibillion-pound hole in Britain’s public finances.The yield – in effect the interest rate – on 10-year British government bonds, also known a…

Pound Drops Amid Uncertainty Over UK Chancellor Rachel Reeves

Rachel Reeves, Britain’s chancellor, appeared visibly upset in Parliament as the prime minister was asked about her position. The British pound and government bonds dropped in value.

How markets reacted to uncertainty over Rachel Reeves's future

Investors appeared concerned about the ability of the UK government to meet its fiscal rules during questions over Ms Reeves's future.