Pound plummets to an eight-month low amid spike in gilt yields and reports of tariffs - London Business News | Londonlovesbusiness.com
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from London Business News | Londonlovesbusiness.com3 weeks ago
The UK asset selloff has driven the pound down over 1% as 10-year gilt yields are at their highest since 2008, raising inflation concerns and uncertainty.
London Business News | Londonlovesbusiness.comhttps://londonlovesbusiness.com/pound-plummets-to-an-eight-month-low-amid-spike-in-gilt-yields-and-reports-of-tariffs/
This kneejerk selloff highlights ongoing concerns about UK borrowing levels, with heavy gilt supply and worries about government debt sustainability driving market movements.
London Business News | Londonlovesbusiness.comhttps://londonlovesbusiness.com/pound-plummets-to-an-eight-month-low-amid-spike-in-gilt-yields-and-reports-of-tariffs/
The recent rise in gilt yields is not driven by macro data but reflects heavy gilt supply and the inflationary impact of planned fiscal spending.
London Business News | Londonlovesbusiness.comhttps://londonlovesbusiness.com/pound-plummets-to-an-eight-month-low-amid-spike-in-gilt-yields-and-reports-of-tariffs/
As longer-dated borrowing costs rise, the Chancellor’s fiscal headroom shrinks, suggesting potential future tax increases to adhere to fiscal rules, affecting business confidence.
London Business News | Londonlovesbusiness.comhttps://londonlovesbusiness.com/pound-plummets-to-an-eight-month-low-amid-spike-in-gilt-yields-and-reports-of-tariffs/
Read at London Business News | Londonlovesbusiness.com
#uk-economy #pound-sterling #gilt-yields #fiscal-policy #market-volatility
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