As Britons brace for the Bank of England to announce steps to restrain the housing market this week, the No. 2 at the U.K. Treasury dismisses talk of a bubble.
Royal Bank of Canada hired Sam Hill from Threadneedle Asset Management as a director and sterling fixed-income strategist in London.
The euro fell the most against the dollar in two months amid speculation its six-month rally was due for a pause even as data signaled improvements in the European economy.
U.K. government bonds advanced for a second day as speculation that Britain’s economy will require further stimulus lifted demand for the safest assets.
U.K. government bonds fell, with 10- year yields touching a two-month high, after Federal Reserve minutes showed officials may reduce debt purchases and data pointed to accelerating British growth.
The battle over Scotland’s future just entered the realm of the bond market.
"Since the August Inflation Report the thing that's changed on inflation versus the BOE's forecast is that it's lower than they expected."
- Sam Hill on Sep 10, 2014