UK bond yields and sterling dip after BoE holds rates steady

In a move consistent with expectations, the Bank of England has kept interest rates steady at 3.75 percent. They noted domestic conditions are helping to alleviate inflationary pressures. Following this update, there were minor decreases in UK bond yields and the pound. Inflation is anticipated to climb to 3.2 percent later this year while the FTSE 100 stock index saw an uptick on Thursday.