UK government borrowing costs have eased this morning, while crude oil prices have also fallen, after Donald Trump said he had paused a planned attack on Iran to allow talks aimed at ending the US-Israeli war against the country.
Gilt Yields Decline
The yield, or interest rate, on the 10-year gilt (as UK government bonds are known), dropped 5 basis points to around 5%. The 30-year yield fell 4 basis points to 5.7%.
Oil Prices Retreat
Brent crude, the global oil benchmark, is down 1.3% at $110.68 a barrel.
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On the stock markets, the FTSE 100 index climbed 52 points, or 0.5%, to 10,376.
