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.
Tax rise warning after Pound's fall and borrowing costs soar as Rachel Reeves criticised for China trip
Sir John Gieve, former Deputy Governor at the Bank of England, said the Chancellor may have to hike taxes or impose some ‘very severe reductions and squeezes’ on public services
Mortgages 'to rise' after Pound hits year low and borrowing costs soar in treble blow to Rachel Reeves
The fall in the Pound, rising borrowing costs and warning of higher mortgages are a treble blow to Chancellor Rachel Reeves who has been criticised for her Autumn Budget in which she hiked taxes by £40 billion, borrowing by some £30 billion, to boost public spending by around £70 billion.
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,
Pound Hits Lowest Level in Over a Year Amid Rising UK Borrowing Costs
The pound has fallen to its lowest level in over a year, as UK borrowing costs surge to their highest in 16 years, fueling concerns over public finances and the economy.
Pound slumps as government borrowing costs highest since 2008
The value of the pound slid to its lowest level for nine months after government borrowing costs surged further. It comes during a continued sell-off in the bond market amid investor concerns over the threat of stagflation and a fresh barrage of bond sales.
Pound plumbs 14-month low, rattled by gilt market rout
Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia news provider, reaching billions ...
FTSE 100 Live: Pound Falls After Sinking to 2023 Low as Stocks Set to Open Flat
FTSE 100 futures are about flat, with the index having sailed through the UK market turmoil of recent days unscathed. It is ...
Deutsche Bank says sell the pound
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 ...
Pound in biggest three-day slide in two years as gilt pain intensifies
The pound headed for its biggest three-day drop in nearly two years on Thursday, under pressure from a sell-off in global ...
Reeves ‘right to go to China’ as pound slumps again
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 ...
A plunging pound with surging U.K. yields suggest the bond vigilantes are lurking
A plunging pound and a surge in U.K. government borrowing costs to their highest since the great financial crisis serve as a ...
Pound Trading Frenzy Shows Option Market’s Fear of Truss Redux
Wednesday was the busiest day for pound options trading since the currency slumped toward an all-time low in 2022, an omen of ...
U.K. Pound Slides, Bond Yields Surge
U.K. bond prices, stocks and the British pound slid on Wednesday after a rout sparked by hot U.S. economic data rippled ...