Starmer spokesman: We do not comment on market movements

It would have probably been wise not to comment at all rather than say “we do not comment on market movements”.

He also said this:

• The budget has been about restoring fiscal stability, there are two new robust fiscal rules
• Tough choices were necessary to fix the foundations of UK economy

UK 10-year yields have cooled a bit after hitting a high of 4.53% and are down to 4.49%, but still up 14 bps on the day.

This article was written by Adam Button at www.forexlive.com.