Analyst: The UK is more vulnerable to energy shocks, leading to a sell-off in UK bonds
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According to Golden Ten Data on March 9, Kathleen Brooks from XTB stated in a report that compared to its eurozone counterparts, the UK is more vulnerable to the impact of soaring energy prices. As inflation concerns rise, investors are selling off UK government bonds. She noted: "The UK pays higher natural gas prices than its European neighbors, so it is only natural that the sell-off in the UK bond market could be more severe than in Europe."
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