The Guardian Australia – Business
·business
·1 hour ago
UK borrowing costs hit highest since 1998 amid Starmer uncertainty
UK borrowing costs hit their highest level since 1998 on Tuesday as investors braced for a potential change of government. The 30-year gilt yield jumped 11 basis points to 5.794%, while the pound fell 0.5% to $1.354 against the dollar. Markets are concerned that Starmer's potential successors may loosen fiscal rules and increase spending, stoking inflation risks.
Summary by Glance · The Guardian Australia – Business
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