LONDON, Dec 18 (Reuters) - The gap between British and

German 10-year government bond yields rose to its highest level

in 34 years on Wednesday, in a sign of the diverging

trajectories of the Bank of England and European Central Bank.

The spread between the two yields rose to 230.3 basis

points, its highest since German reunification in late 1990,

according to LSEG data.

Britain's 10-year bond yield has risen almost a percentage

point this year to 4.564%, with investors lowering their

expectations for how much the BoE will cut rates in the months

ahead.