British government bond yields surged following stronger-than-expected U.S. economic growth data, intensifying concerns about the UK’s fiscal health. Investors are anticipating Finance Minister Rachel Reeves’ budget amid worries about persistent inflation and potential tax hikes. Political uncertainty, fueled by potential leadership challenges, further contributes to market volatility and sterling’s decline against the dollar.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets