Europe markets slide with yields at multi-year highs

European markets experienced a decline, with the UK's FTSE 100 falling 0.61% to a four-week low. The euro dipped to $1.17, while the pound fell to $1.35 amid updated UK economic forecasts. Italy's consumer confidence index dropped to 90.8, and Eurozone bank lending rose 3% year-on-year, below expectations. The pan-European Stoxx 600 fell 0.38%, influenced by corporate earnings and upcoming monetary policy decisions from the Fed and ECB. US and UK 10-year Treasury yields approached multi-year highs, reflecting investor caution ahead of policy announcements.