Pound sterling continues to sink as UK economy ‘clearly on very shaky ground’

Pound sterling continues to sink as UK economy ‘clearly on very shaky ground’

Pound sterling has continued to sell off this morning, and UK government bond yields have ticked higher as UK risk assets remain under pressure.

The pound fell below $1.23 against the dollar in early trade and is currently down 0.7 per cent against the dollar and 0.6 per cent against the euro.

Meanwhile, the domestically focused FTSE 250 index opened lower 0.6 per cent.

The day after 30-year government bond yields reached their highest this century, yesterday 10-year government yields jumped to 4.82 per cent, the highest since August 2008.

https://www.cityam.com/pound-sterling-continue-to-sink-as-uk-economy-clearly-on-very-shaky-ground/