Reported 1 day ago
UK markets have continued to decline amid rising concerns over the government's significant fiscal deficit and inflation data expected this week. The pound fell to its lowest since November 2023, and gilt yields approached their highest levels since the 2008 financial crisis, reflecting investors' anxiety ahead of the upcoming consumer price report. Market sentiment suggests further weakness for the pound as traders brace for continued volatility, exacerbated by the strength of the US dollar and a lack of confidence in the UK economy's fiscal policy.
Source: YAHOO