Pound falls to lowest in over a year after UK borrowing costs rise
The pound has fallen to its lowest level in over a year, while UK borrowing costs hit their highest for 16 years. Economists have warned that the rising costs could lead to further tax increases or spending cuts as the government tries to meet its self-imposed rule not to borrow to fund day-to-day spending.
Live Q&A: Why UK Borrowing Costs Are Soaring and What’s Next
UK borrowing costs have surged in recent days, with 30-year inflation-linked rates hitting 2% for the first time since the Truss-era crisis in 2022. Bloomberg's Rachel Evans, Tom Rees and James Hirai will discuss these moves and their impact on markets,
Mortgages 'to rise' after Pound hits year low and borrowing costs soar in treble blow to Rachel Reeves
The Pound has tumbled to its lowest level against the US dollar for over a year as government borrowing costs surged sparking warnings that mortgage rates will also rise. Sterling weakened again on Thursday morning amid a deepening rout in UK government bonds,
Pound sterling has continued to sell off this morning, and UK government bond yields have ticked higher as UK risk assets ...
Its key trading pairs are GBP/USD, also known as ‘Cable’, which accounts for 11% of FX, GBP/JPY, or the ‘Dragon’ as it is ...
The pound has continued to slide this morning, dipping below $1.23 against the dollar, while domestically focused UK shares ...
Concerns about UK government borrowing and the economy have spooked financial markets - and it could filter down to ...
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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, with a U.S. Treasury yield surge ahead of the incoming Donald Trump admin ...
The pound has tumbled to its lowest level or more than a year against the US dollar as the gilt sell-off continued, heaping ...
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 GBP/USD has carved a successive series of lower highs and lower lows, an indication that the downtrend remains intact.
Use precise geolocation data and actively scan device characteristics for identification. This is done to store and access ...
Our weekly simulation for forward U.K. Gilt yields and pound sterling. Read the latest update, as of January 3, 2025.
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