Fears over UK borrowing costs as US jobs figures prompt bond market volatility

Fears over UK borrowing costs as US jobs figures prompt bond market volatility
By: The Guardian Posted On: January 10, 2025 View: 6

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...

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