What Rising UK Gilt Yields Mean for the British Pound Range

UK budget risk for the British pound centers on rising borrowing costs, as gilt yield moves can add pressure to sterling inside its yearly range. Michael Boutros, StoneX Media Senior Market Analyst, walks through the British pound on three time frames and the event risk lined up into month-end. Rising UK gilt yields and borrowing costs are pressuring public finances, while inflation keeps markets projecting further Bank of England tightening. With a Fed hold fully priced, the focus shifts to dissenters and December, then core PCE inflation and U.S. third-quarter GDP into the monthly close. Discover Actionable Insights with the latest Market Outlook Reports: https://intel.stonex.com/offer?language=en&campaignId=A908C315-DC62-4F35-AC16-870BB71E84D1&utm_source=youtube&utm_medium=social&utm_campaign=sxtv_guest_michael_boutros&utm_content=share 00:00 - Sterling Walks Into a Storm 00:22 - British Pound's Yearly Range 01:30 - Four-Day Slide Hunts Support 02:35 - Sterling Bears Need a Close 03:50 - UK Budget, Gilts and the Pound 04:14 - Fed, PCE and GDP Hit Sterling Like and subscribe for more financial market insights. #GBPUSD #StoneX #MichaelBoutros #UKBudget --------- Like this video? Subscribe and turn on notifications so you don't miss any videos from StoneX: https://www.youtube.com/@stonex_official Visit https://www.stonex.com/en/insights/thought-leadership/?utm_source=youtube&utm_medium=social for insights, perspectives and thought leadership from StoneX's global network of experts. Visit our website: https://www.stonex.com?utm_source=youtube&utm_medium=social