The UK 10-year gilt yield fell to around 4.97% as markets digested a mixed domestic growth picture, central bank signals and persistent geopolitical risk. UK GDP grew 0.4% quarter-on-quarter in the second quarter, matching forecasts after 0.6% growth in the first quarter, while June GDP rose 0.3% month-on-month and beat expectations. At the same time, household consumption growth slowed to 0.2% in Q2, pointing to softer underlying demand. The Bank of England left interest rates unchanged in July, and Governor Andrew Bailey said the disinflation process remained on track despite external risks. In the United States, recent data strengthened expectations that the Federal Reserve may avoid a rate increase next month. Investors were also tracking uncertainty around the US-Iran conflict and the Strait of Hormuz, a key oil shipping corridor, where little progress was reported toward reopening the route.