Business · 2 hours ago
Britain's FTSE 100 drops to a three-month low over persistent inflation worries
Yields on 30-year UK government bonds reached their highest point since early 1998 on Thursday, dragging down market confidence. Traders now see a 95% likelihood that the Bank of England will push up borrowing costs during its November meeting. High street banks took the heaviest hit, as shares in lenders like HSBC and Standard Chartered both fell by over 2%.
Reported by Reuters · How we write briefs