Fears over UK borrowing costs as US jobs figures prompt stock market volatility
Pound falls against the dollar and bond yields rise amid concerns over high UK inflation and interest rates
Concerns over the UK government’s borrowing costs were revived on Friday after stronger-than expected US jobs figures triggered volatile conditions in global financial markets.
In an accelerating global bond market sell-off, investors warned that the UK was particularly exposed amid growing fears over stubbornly high inflation and higher for longer interest rates.
Author Of article : Richard Partington Economics correspondent
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