free counter
Business

In ‘Truly Alarming’ Sign, Surging UK Yields Fail to Rescue Pound

  • Worst week for cable since 2020 despite jump in rate-hike bets

  • Traders see BOE’s key rate rising 200 basis points by March

Clothes for sale at Walthamstow market in London.

Clothes for sale at Walthamstow market in London.

Photographer: Chris Ratcliffe/Bloomberg

Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.

The pound just can’t catch a break as the UK’s bleak economic outlook eclipses any benefit the currency stands to receive from rapidly rising interest rates.

Read More

Related Articles

Leave a Reply

Your email address will not be published.

Back to top button

Adblock Detected

Please consider supporting us by disabling your ad blocker