1547 GMT - Yields on U.K. 2-year government bonds rise to a 2-week high of 3.923% after the Bank of England earlier signalled that future interest-rate cuts would be gradual and after the announcement of a U.S.-U.K. trade deal. The BOE cut interest rates earlier but this was already expected and gilt investors reacted to the fact that two policymakers voted to keep rates on hold, which was unexpected, says AJ Bell's Laith Khalaf in a note. The trade agreement with the U.S., although it isn't comprehensive, could help U.K. economic growth and further reduce the possibility of rapid interest-rate cuts. (miriam.mukuru@wsj.com)

(END) Dow Jones Newswires

May 08, 2025 11:47 ET (15:47 GMT)

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