Pound falls against the dollar and bond yields rise amid concerns over high UK inflation and interest ratesReeves faces another week of second-guessing the CityConcerns over the UK government’s borrowing costs were revived on Friday after stronger-than expected US jobs figures triggered volatile conditions in global financial markets.In an accelerating global bond market sell-off, investors warned that the UK was particularly exposed amid growing fears over stubbornly high inflation and higher for longer interest rates. Almost 700,000 UK homeowners are facing an increase in mortgage costs when their fixed-rate deals end this year. Continue reading...
Sunday 12 January 2025
.theguardian - 2 days ago
Fears over UK borrowing costs as US jobs figures prompt stock market volatility
Latest News
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