Britain’s long-term borrowing costs fell sharply from a 27-year high after President Trump paused his aggressive tariff policy in the face of global market turmoil. The yield on the 30-year UK government bond dropped 18 basis points to 5.404 per cent after two days of huge rises that pushed the yield up to its highest level since 1998. The rate on the benchmark ten-year UK government bond dropped by five basis points to 4.744 per cent. The pound strengthened by 0.48 per cent against the dollar to $1.28 and dropped by 0.22 per cent against the euro to €1.16. The downward move in UK bond
