Burnham by-election win pushes UK borrowing costs higher

MacroDigital Finance Impact 4
โดย The Telegraph·Read original
Summary · why it matters

Britain's borrowing costs rose after Andy Burnham's by-election victory stoked fears of higher public spending. Yields on 10-year gilts climbed from 4.76% to 4.8%, outpacing gains in France and Germany. JP Morgan and Goldman Sachs warned that Burnham is likely to loosen Rachel Reeves's fiscal rules if he becomes prime minister, potentially delaying Bank of England rate cuts. Shares in UK water companies fell, wiping around £375 million off their combined value, amid concerns Burnham could nationalise the sector. The pound dropped to a two-month low below $1.32 against the dollar.

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