UK government debt yields reach highest since 1998 as pound weakens By Investing.com
Written by Emily J. Thompson, Senior Investment Analyst
Source: Investing.com
Updated: Jan 09 2025
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Source: Investing.com
UK Government Debt Yields Rise: The yield on UK government debt (gilts) reached its highest levels since 1998, with the 30-year gilt at 5.455% and the 10-year gilt at 4.921%, amid concerns over government borrowing and economic performance.
Pound Weakens Against Dollar: The British pound fell to $1.2291, marking its lowest point since November 2023, as investors reacted to weak demand for gilts and ongoing global inflation pressures.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
