Yields climbs as MPC members back forward guidance

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Yields on ten-year gilts rose this morning after the minutes from the last meeting of the Bank of England's Monetary Policy Committee (MPC) showed the majority of members backed new governor Mark Carney's move to provide forward guidance on interest rates.

The yield on ten-year gilts rose 3.2 basis points to 2.63%. The pound was also up 0.4% against the dollar and 0.3% against the euro shortly after the announcement. The yields, along with the Ste...

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