Pound, borrowing costs
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.
Pound sterling has continued to sell off this morning, and UK government bond yields have ticked higher as UK risk assets ...
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Concerns about UK government borrowing and the economy have spooked financial markets - and it could filter down to ...
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 ...
The U.S. dollar strengthened for a third straight session on Thursday as Treasury yields dipped but held at elevated levels ...
The pound has tumbled to its lowest level or more than a year against the US dollar as the gilt sell-off continued, heaping ...
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The pound fell to its lowest since late 2023 on Thursday, under pressure from a selloff in global bonds that has driven the ...
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