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.
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,
FTSE 100 futures are about flat, with the index having sailed through the UK market turmoil of recent days unscathed. It is ...
The pound headed for its biggest three-day drop in nearly two years on Thursday, under pressure from a sell-off in global ...
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 ...
Deutsche Bank strategist Shreyas Gopal says to sell the struggling British pound, the worst-performing currency in the young new year. Falling export orders and a reversal in energy prices is putting ...
The trip by Ms Reeves, who Ms Nandy said is “relentless in her pursuit of growth”, comes as the pound fell again by as much ...
U.K. bond prices, stocks and the British pound slid on Wednesday after a rout sparked by hot U.S. economic data rippled ...
The pound tumbled to its weakest level against the US dollar in over one year as investors’ concerns over the UK fiscal and ...
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