As broad selling took hold in UK markets for a fourth day, focus turned to the pound after it fell to the lowest level in over a year. Concern that the Labour government will struggle to keep the nation’s deficit in check amid higher borrowing costs pushed sterling down as much as 1% on Thursday to $1.2239. That’s the weakest level since November 2023.
Today’s guests: Themistoklis Fiotakis, Barclays; Peder Beck-Friis, PIMCO; Odile Renaud-Basso, EBRD President (Source: Bloomberg)
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