07:23
The UK bond market is sounding alarms, the pound has plummeted.
The American financial website investinglive commented: The UK bond market is sending warning signals as borrowing costs continue to soar. The 30-year yield in the UK has further surged to 5.68%, marking the highest record since 1998. As a result, the pound has sharply fallen, with GBP/USD short-term dropping 70 points, and the euro rising 0.3% against the pound to 0.86748, the highest level since August 11.