The GBP/JPY pair lost its shine as pound sterling hit 9 months low. It hit an intraday low of 193.75 and currently trading ...
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UK 10-year borrowing costs climbed further on Thursday as a bond market sell-off deepened, hitting the pound and threatening to derail the Labour government’s fiscal plans.
The pound headed for its biggest three-day drop in nearly two years on Thursday, under pressure from a sell-off in global ...
London’s FTSE 250 slumps and pound weakens as UK gilt yields spike - The more domestically focused FTSE 250 tumbled 2% on ...
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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The U.S. dollar charged ahead on Thursday underpinned by rising Treasury yields, putting the yen, sterling and euro under ...
--Off 16.88% since the pre-Brexit vote level of 1.49 on Thursday, June 23, 2016 --Off 7.84% from its 52-week high of 1.3415 hit Tuesday, Sept. 24, 2024 --Up 0.11% from its 52-week low of 1.2349 hit ...
The sell-off in the bond market came as traders factor in fewer interest rate cuts in 2025 due to sticky inflation. This prompted yields on the UK 10-year gilt to hit 4.80%, a 15-year high.
The yield on the benchmark 10-year gilt, which reflects the cost of borrowing, hit 4.78 per cent on Wednesday afternoon, a post-financial crisis high.