Gilt yields surge after record borrowing projections in Budget 2009
UK Budget 2009 showed public borrowing rocketing to above 12% (£175bn) of the economy in the current fiscal year, sending gilt yields sharply higher and sterling lower .
Gilt yields surge after record borrowing projections in Budget 2009
UK Budget 2009 showed public borrowing rocketing to above 12% (£175bn) of the economy in the current fiscal year, sending gilt yields sharply higher and sterling lower .
The euro was buoyed this week by surveys showing the worse of the regional economic downturn may have passed.
Rising equities and a weak set of labour market and housing data undermined the US$ this week.
The Swedish krona was the best performing currency this week after the Riksbank cut interest rates by less than expected.
