0913 GMT - Sterling and U.K. government bond yields stay lower after the Bank of England's latest decision maker panel survey showed inflation expectations fell marginally and September's U.K. services purchasing manager's index was revised downward. Inflation expectations for the year-ahead and three years both fell 0.1 percentage point to 2.6%, according to the BOE survey. September's U.K. services PMI was revised down to 52.4 from 52.8 previously, versus 53.7 in August, though the above-50 reading still indicated expansion in the sector. GBP/USD falls to a three-week low of 1.3105 after the surveys from 1.3122 beforehand and EUR/GBP rises to a two-week high of 0.8424 from 0.8416, according to FactSet. Ten-year U.K. gilt yields fall 3.5 basis points to 4.006%, Tradeweb data show. (renae.dyer@wsj.com)
(END) Dow Jones Newswires
October 03, 2024 05:13 ET (09:13 GMT)
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