UK Bonds Rally as BOE Decision Prompts Paring of Rate-Hike Bets

Governor Andrew Bailey in London, on April 30. — Governor Andrew Bailey in London, on April 30.
Photographer: Chris Ratcliffe/Bloomberg

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By Alice Atkins and Georgia Hall

April 30, 2026 at 12:06 PM UTC

Updated on

April 30, 2026 at 1:12 PM UTC

UK bonds extended a rally as traders pared bets on Bank of England interest-rate hikes, after officials left policy unchanged and Governor Andrew Bailey said it was in a “reasonable place.”

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