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Fiscal Worries

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Pound Plummets Amid Gilt Market Collapse

Originally Published 6 months ago — by Forexlive | Forex News, Technical Analysis & Trading Tools

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Source: Forexlive | Forex News, Technical Analysis & Trading Tools

The British pound has sharply declined due to a selloff in the UK bond market, driven by rising gilt yields and political uncertainties surrounding Chancellor Rachel Reeves and UK government finances, following a U-turn on welfare cuts.