Sterling extends losses against US dollar before easing to half a cent down after Treasury calms market jitters
The pound briefly fell to a 14-month low against the US dollar on Thursday morning after the sell-off in the bond market fuelled investors’ anxiety about UK assets and piled further pressure on the chancellor, Rachel Reeves.
Sterling extended recent losses against the US dollar, falling by a cent at one point, before recovering to trade half a cent down at $1.23.
More Stories
Canadian company in negotiations with Trump to mine seabed
Australian house prices hit new peak as rate cut drives buyer demand
Hyundai facing legal action over car that can be stolen ‘effortlessly in seconds’