Sterling has gained a cent against the US dollar after PM quits, on hopes that UK economic and political turmoil could ease
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After three days of falls, the interest rate on UK 10-year government bonds has risen close to 4% this morning, as the bond market watched the turmoil in Westminster.
This chart shows how 10-year gilt yields had already been climbing through September, but then surged after the mini-budget as investors were alarmed by unfunded tax cuts.
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