British Pound Slides As UK Borrowing Surges To Record Levels

The British pound weakened against the US dollar on Tuesday, trading around $1.34, as investors reacted to an unexpected surge in the UK’s budget deficit. The currency faced selling pressure amid concerns over the government’s rising borrowing costs and widening fiscal gap. According to the Office for National Statistics (ONS), the UK government borrowed £7.2 … Continue reading British Pound Slides As UK Borrowing Surges To Record Levels