The yield on UK government bonds outperformed that of Eurozone bonds due to higher expectations of an interest rate cut by the Central Bank of the UK.

Jin10 Data reported on August 4th that XTB analyst Kathleen Brooks stated in a report that UK government bond yields are performing better than Eurozone government bonds, indicating that the market expects the Bank of England's rate cuts to exceed those of the European Central Bank. She remarked, "This could be a sign that bond investors believe the European Central Bank has finished cutting rates, especially after last month's inflation was higher than expected." Data from LSEG shows that the market anticipates the Bank of England may cut rates twice before the end of the year.