It would have probably been wise not to comment at all rather than say “we do not comment on market movements”.
He also said this:
The budget has been about restoring fiscal stability, there are two new robust fiscal rulesTough choices were necessary to fix the foundations of UK economy
UK 10-year yields have cooled a bit after hitting a high of 4.53% and are down to 4.49%, but still up 14 bps on the day.
This article was written by Adam Button at www.forexlive.com.
