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UK Borrowing Hits 3 Percent on 10 Year Gilts

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The cost of borrowing over 10 years for the British government has risen above 3% for the first time since July 2011.

It is a sign that the financial markets believe that efforts to boost the US and UK economies will be withdrawn sooner than thought.

On Thursday, a report showed that activity in the US service sector hit the highest level since December 2005.

That follows data on Wednesday showing UK service sector activity running at a six-year high.

via BBC

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency
trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza

@alfonso_forex

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