Pound in greatest month-to-month fall in opposition to the greenback since 2016

UK authorities bonds – or debt – had their worst month for many years. Traders, fearful in regards to the riskiness of lending to the federal government, demanded greater returns for doing so, making it dearer for the nation to borrow cash. In August, the yields, or the efficient rate of interest you’d get, on a few of these bonds have jumped essentially the most since 1994.

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