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 ...
The Eurozone December inflation data has pushed back expectations that the ECB will deliver a jumbo rate cut.
The market seems to be acknowledging the Treasury’s reiterated fiscal pledges and this has prevented the gilt and pound ...
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The new year's alarming spike in British government bond yields owes much to a sharp rise in global sovereign borrowing costs ...
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 ...
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