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UK 10-year gilt yields remain below 2 percent after GDP reading

FXStreet (London) - UK 10-year yields remain below 2 percent after breaking to 6-week lows at 1.983 percent.

The second reading of UK GDP released this morning matched the initial estimate at 0.7 percent month-on-month and 3 percent year-on-year growth.

Growth was led by household consumption, with data from the Office for National Statistics this morning indicating a slowdown in business investment. Business investment declined by 07 percent in the third quarter, a big drop from the 3.3 percent send quarter reading. Year-on-year investment declined to 6.3 percent, despite consensus expectations of a strengthening to 9.7 percent growth.

UK 10-year gilts are currently trading at a yield of 1.998 percent.

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