FTSE 100 Live: UK Bonds Pare Drop, Pound Continues to Slide
Eva Sun-Wai, a fund manager at M&G Investments, told Bloomberg Radio that the drop for the pound even as gilt yields rise could be interpreted as a sign of capital flight, as normally higher returns on bonds would make a currency more attractive.
FTSE closes higher as pound falls to 14-month low after bond sell-off
A weak pound ( GBPUSD=X) managed to help the FTSE 100 ( ^FTSE) outperform against its European peers on Thursday, with the currency hitting a 14-month low in early trading. 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.
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