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FirstFT: UK gilts purchases soar as hopes of faster rate cuts fade

FirstFT: UK gilts purchases soar as hopes of faster rate cuts fade

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Good morning. Private investors have piled into UK government bonds this year to lock in attractive yields as the Bank of England has kept interest rates at a 16-year high.

Hargreaves Lansdown, the UK’s largest do-it-yourself investment platform, said gilt purchases in the first three months of 2024 were three times higher than the same…


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