[MARKET UPDATE] External leads for Gilts limited with USTs and Bunds firmer by just a tick or two. UK newsflow focussed on China and the ongoing Budget fallout.
- UK PM Starmer urged UK businesses to boost trade with China despite security threats, according to FT.
- The OBR is briefing at 10:00GMT, post-Budget. Following the resignation of OBR's Hughes, given the leak, he will not be partaking. A resignation that has seemingly added to the pressure for Chancellor Reeves to step down, with the Telegraph writing that she is politically finished. However, the only way PM Starmer could replace her without sparking a leadership challenge would be to promote someone on the Left; a move that would likely pressure Gilts.
02 Dec 2025 - 07:20- Market Update- Source: Newsquawk
Subscribe Now to Newsquawk
Click here for a 1 week free trial
Newsquawk provides audio news and commentary for over 15,000professional traders and brokers worldwide. Services include:
- Real-time audio coverage from 0630 to 2200 London time plus Asia-Pac 2200 to 1000 London time
- Teams of analysts covering equities, fixed income, FX, energy, and metals markets
- Real-time scrolling news service with instant analysis
- Daily and weekly pre-market research and calendars
- Video updates covering near-term key risk events & primary trading themes
- One-to-one chat with our expert analysts