After the United States extended the ceasefire agreement, the yield on UK government bonds fell, and UK inflation met expectations.

date
22/04/2026
After US President Trump extended the ceasefire agreement with Iran, market sentiment improved and UK government bond yields fell. Data showed that inflation in the UK rose in March, but the increase was in line with expectations, due to rising energy prices, which provided some relief to investors. Patrick Munnelly from Tickmill Group stated in a report that this data "is not yet enough to force the Bank of England to immediately raise interest rates." Overall inflation rose from 3.0% in February to 3.3% in March, in line with economist predictions. According to Tradeweb data, the yield on 10-year UK government bonds dropped by 1.2 basis points to 4.863%.