A mixture of official figures and City sentiment combined to ensure another jittery day on the markets.
Yesterday Goldman Sachs warned the UK would fall into recession at the end of this year and stay there until 2024.
In response, sterling today fell below $1.17 for the first time since March 2020. It is down 13% against the greenback this year.
UK government bonds are heading for their biggest monthly fall since 1994, the year of the “Great Bond Massacre”. Yields, which move in the opposite direction from prices, are at levels not seen since 2008.
Yields on two-years bonds went over 3% today.
Denne historien er fra August 30, 2022-utgaven av Evening Standard.
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Denne historien er fra August 30, 2022-utgaven av Evening Standard.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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