1256 GMT - Sterling and U.K. government bonds could fall further unless there's an improvement in investor confidence for buying the nation's high level of debt, abrdn's Matthew Amis says in a note. U.K. finance minister Rachel Reeves's fiscal headroom has been eroded as gilt yields rose into year-end. Reeves could signal greater cuts to government spending in the Spring budget in March, Amis says. (renae.dyer@wsj.com)
(END) Dow Jones Newswires
January 09, 2025 07:56 ET (12:56 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.