Pound slumps
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.
The pound tumbled to its weakest level against the US dollar in over one year as investors’ concerns over the UK fiscal and ...
The pound fell to its lowest since late 2023 on Thursday, under pressure from a selloff in global bonds that has driven the ...
A plunging pound and a surge in U.K. government borrowing costs to their highest since the great financial crisis serve as a ...
Wednesday was the busiest day for pound options trading since the currency slumped toward an all-time low in 2022, an omen of ...
The pound hit its lowest since late 2023 on Thursday, under pressure from a selloff in global bonds that has driven the UK ...
Concerns about UK government borrowing and the economy have spooked financial markets - and it could filter down to households the longer it goes on ...
The pound is trading at $1.22 this morning – a level last seen in November 2023. Meanwhile, each day the Money blog starts ...
The U.S. dollar charged ahead on Thursday underpinned by rising Treasury yields, putting the yen, sterling and euro under ...
The pound has tumbled to its lowest level or more than a year against the US dollar as the gilt sell-off continued, heaping ...
U.K. bond prices, stocks and the British pound slid on Wednesday after a rout sparked by hot U.S. economic data rippled ...
The British pound plunged against the euro and the US dollar as the market placed bets that the Bank of England will embrace ...
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