Investors dash for safety of gilts in midst of heavy stock market falls



Britain's borrowing costs fell to their lowest level since records began, as investors dashed for the safety of gilts in the midst of heavy stock market falls.
Renewed fears of an imminent Greek exit from the euro sent stock markets across Europe tumbling, as the region's debt crisis entered a dangerous new phase.
With stock markets tumbling in every European capital, the interest rate on UK gilts, perceived as a relative safe haven from eurozone chaos, fell to 1.87 per cent.
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14 May 2012 in Business, Views: 1
Source: Daily Mail
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