People walk through the City of London financial district during rush hour in London, Britain, October 3, 2022.
Asia's main markets had struggled overnight but Europe's STOXX 600 (.STOXX) made a 0.5% early gain as both the pound and UK government bonds rallied in London.
Invesco's director of macro research Ben Jones said the UK's volatility would remain a key focus for global markets.
In currency markets, the dollar remains king as investors price in U.S. rates peaking around 5%.
The rise of the dollar and global bond yields have been a drag for gold, which was stuck at $1,648 an ounce .