16:35 - 9.01.2025

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January 9, Fineko/abc.az. The British pound has fallen 0.7% against the US dollar to $1.23 per 1 pound.

ABC.AZ reports that this is the lowest level since November 2023 for the British national currency. Analysts believe that depreciation of the pound reflects investors' concern about the UK's financial and inflation outlook.

These concerns have led to the UK's 30-year government bond yields reaching their highest levels since 1998, and 10-year bond yields since 2008.

This situation is causing concern to market participants. As a rule, an increase in bond yields increases attractiveness of the currencies in which they are denominated. Therefore, the fall in the exchange rate shows signs of capital outflow.