BOE flags rate rise risk: Chief economist Huw Pill told the BBC rates may need to increase this year, warning inflation at 2.8% remains stubbornly above the 2% target — bad news for anyone with a variable mortgage who thought the tightening cycle was done.
Gilt yields surge to 4.96%: UK borrowing costs spiked 11 basis points after Trump declared the Iran ceasefire "over," sending ten-year gilt yields to near 5% — territory not seen since the Truss...
