
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. Continue reading...
