London, Sept 2, 2025 (AFP) - Pound slides on high UK borrowing cost concern

NAMPA / AFP

2025-09-02

The British pound slumped more than one percent against the dollar Tuesday on concerns over soaring borrowing costs for the UK government. Sterling shed 1.2 percent to $1.3388, while the euro gained half a percent on the British currency. Earlier Tuesday, the yield on 30-year UK government bonds hit the highest level since 1998 owing to worries over Britain's struggling economy. pml-bcp/ajb/lth ...

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