The Pound Sterling (GBP) continues underperforming its major peers, rattled by rising borrowing costs on the United Kingdom ...

Sterling continued its slide on Friday, its fourth day of falls, as elevated global bond yields kept the currency under pressure. The pound was down 0.17% against the dollar at $1.2286 , hovering ...

Sterling has lost a cent against the US greenback, extending its recent losses and falling below $1.23 to its lowest level since November 2023.

The dollar rose ahead of nonfarm payrolls data that could provide hints on the timing of the Federal Reserve’s next interest-rate cut.

The rise in gilt yields has mirrored a rise in Treasury yields, Quilter Investors said, adding that a key factor remained the sheer size of bond sales by the U.K. government and the BOE that “foreign ...