UK Market Selloff Slams Gilts, Pound, Piling Pressure on BOE
- Currency’s plunge sparks talk of emergency central bank action
- UK 10-year yield rises above 4% for first time since 2010
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The selloff in UK assets went into overdrive on Monday, sending the pound to an all-time low, slamming government bonds and sparking talk of emergency action by the Bank of England.