Global investors’ confidence in President Barack Obama plunged during the past two months after the government shutdown, a new poll shows, even as stocks traded at record highs and bond yields remained near historic lows.
U.K. gilts may pause a rally that sent 10-year yields to less than 3 percent for the first time since March 2009, after data showed retail sales growth unexpectedly accelerated in July, Lloyds Banking Group Plc said.
The pound weakened for a fifth straight day against the euro and gilts rose amid speculation signs of a slowing economy will prompt policy makers to consider increasing asset purchases at a central bank meeting this week.
U.K. government bonds fell for a second day and the pound rallied after the National Institute for Economic and Social Research said the Bank of England will raise interest rates three times this year to curb inflation.
The pound traded near its weakest level in almost two weeks against the dollar as the Bank of England started its monthly policy meeting, amid speculation it will keep interest rates at a record low to boost the economy.