Pound sterling sinks and gilt yields rise after US jobs report
The pound plummeted against the dollar while gilt yields came under further pressure after new figures revealed the continued strength of the US economy. According to the latest report on the US labour market,
Pound Sterling plummets on surprisingly upbeat US job demand
The Pound Sterling (GBP) continues underperforming its major peers, rattled by rising borrowing costs on the United Kingdom (UK) government’s debt. The 30-year UK gilt yields have risen to 5.36%, the highest level since 1998, causing discomfort for Chancellor of the Exchequer Rachel Reeves.
Weekly U.K. Gilt Yield And Pound Sterling Simulation, January 3, 2025: One-Month Forward Gilt Rate Peak 6.18%
Our weekly simulation for forward U.K. Gilt yields and pound sterling. Read the latest update, as of January 3, 2025.
Sterling hits 14-month low after US jobs data, gilt yields rise
By Greta Rosen Fondahn (Reuters) -British assets remained under pressure on Friday from high global borrowing costs, with sterling falling for the fourth day in a row and better-than-expected U.S. jobs data intensifying the move,
Dollar Rises Ahead of U.S. Jobs Data
The dollar rose ahead of nonfarm payrolls data that could provide hints on the timing of the Federal Reserve’s next interest-rate cut.
Sterling Hits 14-Month Low as Bond Market Sell-Off Rattles Confidence in UK Economy
The pound sterling has dropped to its lowest level in 14 months against the US dollar, reflecting mounting unease among investors about Britain’s fiscal trajectory. Simultaneously, UK borrowing costs are climbing sharply,
Sterling slides for a fourth day, gilt yields rise for fifth
British assets remained under pressure on Friday from elevated global borrowing costs, with sterling falling for the fourth day in a row and gilt yields rising for a fifth consecutive day, though both were off the previous session's most extreme levels.
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 GMT),
Sterling falls for fourth straight day to hit 14-month low after US jobs data, 30-year gilts highest since July 1998
British assets remained under pressure on Friday from high global borrowing costs, with sterling falling for the fourth day ...
Trader confidence in sterling takes a dive on bond market turmoil
Traders' confidence in the pound has taken its biggest dive this week since the 2022 UK budget crisis, according to the ...
Growth, jobs, stability and now the pound – Rachel Reeves destroys everything she touches
Labour chancellor Rachel Reeves has the reverse Midas touch. Instead of turning things into gold, she tarnishes everything ...
Crude Oil Prices23h
UK Economy Falters as Pound Sterling Continues to Slide
The UK economy is facing significant challenges, with the pound sterling continuing to fall, government bond yields rising, ...
Deutsche recommends selling sterling on broad, trade-weighted basis
Deutsche Bank said investors should sell the pound on a broad trade-weighted basis, in a Friday note, as Britain's current ...
Pound hits 14-month low amid market jitters - what it might mean for your money
Concerns about UK government borrowing and the economy have spooked financial markets - and it could filter down to ...
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 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 ...
EUR/GBP extends the rally above 0.8350 amid UK fiscal concerns
The Eurozone December inflation data has pushed back expectations that the ECB will deliver a jumbo rate cut.