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Published

Sterling’s fall a problem and solution in UK gilt jolt

Summary by WTVB
By Mike Dolan LONDON (Reuters) – The pound is once again taking the heat as UK financial markets wobble – often a sign of stress in a country highly dependent on foreign financing, but also potentially a safety valve to help resolve the problem. The new year’s alarming spike in British government bond yields owes much to a sharp rise in global sovereign borrowing costs, with a U.S. Treasury yield surge ahead of the incoming Donald Trump admi…
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