STOCKS | Federated Hermes: UK Gilts May Stay Under Pressure

Federated Hermes' Filippo Alloatti said UK gilts may remain under pressure because of Middle East conflict and concerns over the country's public finances. According to Jin10, he said the focus is on spending commitments and revenue-raising plans that the new government is expected to announce in the coming weeks or months. Alloatti said markets remain sensitive to signs that spending commitments may not keep pace with available resources.