August UK GDP is expected to fall 0.2% after July's 0.4% gain. With the 10-year gilt near 5.5% and the 30-year above 6%, a weak print adds to fiscal strain before the 28 October Budget instead of bringing relief.
Bank of England Deputy Governor Sarah Breeden told the Atlantic Council there is no rush to issue a retail digital pound while tokenised deposits and stablecoins can deliver similar benefits. Source
Thursday's Office for National Statistics (ONS) release is expected to show August output falling −0.2% after July's +0.4%. Normally a miss like that pulls yields lower. This week it may not. Gilts are trading inflation and fiscal risk, not growth, and one soft month changes neither.
