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uk borrowing costs rise amid concerns over fiscal policy and inflation

U.K. borrowing costs rose following a budget announcement that included £70 billion in spending funded by tax hikes, raising concerns about fiscal responsibility and inflation. Analysts believe this situation differs from the 2022 mini-budget crisis, though market apprehension remains due to the government's investment strategy and upcoming U.S. elections. The British pound has also seen fluctuations against the dollar and euro amid these developments.
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United States Dollar British Pound Sterling Hargreaves Lansdown plc Deutsche Bank Aktiengesellschaft Bank of England Jefferies Financial Group Inc. GBR Susannah Streeter Rachel Reeves Mohit Kumar Liz Truss Show more
Finance & Economy, Market Report
12:24 01.11.2024
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