Pound falls to lowest level since 2023 – what does it mean for your money?
THE pound has dropped to its lowest level against the US dollar since November 2023. It follows a sharp increase in UK government borrowing costs which hit a 27 year high earlier this week. The
Pound falls to lowest in over a year as borrowing costs soar
The drop came as UK 10-year borrowing costs surged to their highest level since the 2008 financial crisis when bank borrowing almost ground to a halt. Economists have warned the rising costs could lead to further tax rises or cuts to spending plans as the government tries to meet its self-imposed borrowing target.
Households face squeeze as pound tumbles to lowest level against US dollar for over a year
With many people already booking holidays for 2025, some travellers may find their money doesn't go as far. However, there could be a silver lining for pensioners purchasing an annuity, a type of reti
Pound Hits Lowest Level in Over a Year Amid Rising UK Borrowing Costs
The pound has fallen to its lowest level in over a year, as UK borrowing costs surge to their highest in 16 years, fueling concerns over public finances and the economy.
Pound falls as borrowing costs rise to highest since 2008
The pound has fallen to its lowest level for nine months after UK government borrowing costs continued to rise. The drop came as UK 10-year borrowing costs surged to their highest level since the 2008 financial crisis when bank borrowing almost ground to a halt.
Pound sterling continues to sink as UK economy ‘clearly on very shaky ground’
Pound sterling has continued to sell off this morning, and UK government bond yields have ticked higher as UK risk assets ...
Pound tumbles to 14-month low as FTSE climbs despite slump from retail stocks
The pound was down 0.58% at 1.229 US dollars and down 0.34% at 1.193 euros when London’s markets closed. This helped to ...
GBP/USD faces downward pressure due to UK fiscal concerns
The GBP/USD has carved a successive series of lower highs and lower lows, an indication that the downtrend remains intact.
Pound sterling and domestic shares continue to slide as UK economy 'on shaky ground'
The pound has continued to slide this morning, dipping below $1.23 against the dollar, while domestically focused UK shares ...
Pound Slumps to Weakest Since 2023 Amid Broad UK Market Selloff
The pound tumbled to its weakest level against the US dollar in over one year as investors’ concerns over the UK fiscal and ...
Sterling Is Pounded
Pressure on sterling and the UK Gilts has continued. The pound took out last year's low near $1.23 today and was pressed to ...
Pound in biggest three-day slide in two years as gilt pain intensifies
The pound headed for its biggest three-day drop in nearly two years on Thursday, under pressure from a sell-off in global ...
GBP hits three year low as Rachel Reeves' budget bites
Pound Sterling has plummeted to its lowest level since 2023, with Rachel Reeves failing to calm spooked markets. The currency ...
Weekly U.K. Gilt Yield And Pound Sterling Simulation, January 3, 2025: One-Month Forward Gilt Rate Peak 6.18%
Our weekly simulation for forward U.K. Gilt yields and pound sterling. Read the latest update, as of January 3, 2025.