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'Great British Peso' Plummets To 13-Month-Low As Investors Lose Faith In The UK
'Great British Peso' Plummets To 13-Month-Low As Investors Lose Faith In The UK Another day, another pummeling for the pound... No relief in sight for UK markets this morning with traders sending stock markets lower, gilt yields higher, and cable below 2024 lows. This is the fourth day of losses on concern the Labour government will struggle to keep the deficit in check as borrowing costs surge. That smashed the pound to its weakest since Nov 2023... Source: Bloomberg The U
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