Pound plumbs 14-month low, rattled by gilt market rout
The pound hit its lowest since late 2023 on Thursday, under pressure from a selloff in global bonds that has driven the UK ...
Sterling slumps to new low; gilt yields soar
Investing.com - The British pound slumped to its lowest level in over a year Thursday, weighing by falling confidence in the country’s fiscal outlook amid soaring borrowing costs. At 08:10 ET (13:10 ...
FTSE 100 LIVE: Stocks mixed as pound falls to 14-month low after bond sell-off
A weak pound ( GBPUSD=X) managed to help the FTSE 100 ( ^FTSE) outperform against its European peers on Thursday, with the currency hitting a 14-month low in early trading. Sterling has lost a cent ...
Households may face a further income squeeze, say experts
Mortgage rates, prices of goods and retirement annuities may potentially be affected by recent market movements.