Pound Slides Against Euro

EUR/GBP climbs to near one-month highs The British Pound is under pressure due to rising political uncertainty in the UK. The cross is trading around 0.8726, on track for weekly gains. UK 10-year gilt yields are climbing toward 5.2%, their highest level sin

EUR/GBP climbs to near one-month highs

The British Pound is under pressure due to rising political uncertainty in the UK.

The cross is trading around 0.8726, on track for weekly gains.

UK 10-year gilt yields are climbing toward 5.2%, their highest level since July 2008, as investors grow concerned about the UK’s fiscal credibility.

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