#uk-gilts

#uk-gilts

Markets weaken as geopolitical easing and lower oil pressures weigh on miners and energy giants, while Bitcoin falls below $70,000 and BP shares slide.

UK 10-year government bond yields fell to 4.34% as prospects of firmer public finances and further interest-rate cuts lowered borrowing costs.

Rachel Reeves abandoned a proposed income tax rise, prompting higher gilt yields, a weaker pound and investor unease ahead of the autumn budget.