Sell 10 Year UK Gilt Yields

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The Bank of England (BoE) turned dovish in the past few days and this means that a UK interest rate cutting cycle is on the way, and perhaps sooner than financial markets originally anticipated.

Ready to maximize your trading potential in Q2? Dive into our curated list of top trading ideas with our complimentary guide – available for download now!From a technical angle, 10 year UK Gilt yields now look bearish after having fallen through the 20- and 50-day simple moving averages. A series of higher highs off the December low has been broken, while a trade below 3.89% will also negate the recent trend of higher lows. The next target is 3.73% followed by a longer-term target at 3.43%.

We recommend that you seek independent advice and ensure you fully understand the risks involved before trading. Information presented by DailyFX Limited should be construed as market commentary, merely observing economical, political and market conditions. This information is made available for informational purposes only. It is not a solicitation or a recommendation to trade derivatives contracts or securities and should not be construed or interpreted as financial advice.

 

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