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flag Rachel Reeves' potential tax pledge reversal sparks UK bond sell-off, boosting yields and weakening the pound.

flag Reports that Rachel Reeves may abandon her pledge to raise income taxes triggered a sell-off in UK government bonds, pushing 10-year gilt yields up to 4.54%. flag The move fueled concerns over fiscal credibility and political uncertainty, pressuring the pound, which fell against both the euro and dollar. flag Markets reacted sharply, reflecting growing skepticism about the government's economic plans ahead of key policy decisions.

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