The UK bond market shows 30 year gilt rates at their highest this century.
This puts considerable pressure on the UKs Governments spending plans.
On the back of this Pound rates have collapsed pretty much across the board.
And that's not the only market news that might affect consumers. The British Retail Economy is predicting food price rises over 2025 as companies tighten their belts following the budget.
With such a sharp sell off there could be a recovery that would either be a dead cat bounce or a return to recent rates.
There's only Eurozone retail sales numbers this morning for scheduled news that might affect GBP/EUR.
Business news covers the BRC predictions and gilt rates in more detail.
EUR: 10:00 Retail Sales
As ever we look forward to keeping you in the loop and look out for our next update.
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