Pound Slips as Global Bond Rout Lifts Dollar, UK 30-Year Gilt Yields Hit 6%

Investing.com··USGBEU·Read original
3▲2 ▼1Impact / 5
Summary · why it matters

Sterling traded lower on Thursday, with GBP/USD down 0.38% at $1.3215, as a global bond sell-off pushed U.S. and UK long-dated yields to multi-decade highs and kept the dollar near its strongest levels of the year. The U.S. 10-year yield rose to 5.340%, near a 52-week high, and the dollar index tested the year's high at 101.80, while EUR/USD fell 0.37% to $1.1288. UK 30-year gilt yields rose to 6%, the highest since nearly three decades, and London's FTSE 100 fell nearly 2%, adding pressure on Chancellor John Healey ahead of his first Budget this month. Softer-than-expected August PCE inflation barely dented rate expectations, and ADP data pointed to accelerating payrolls, with investors awaiting jobless claims and ISM manufacturing, where a headline of 55 is expected. ING's Chris Turner said the dollar will likely stay bid in October, and ING expects DXY at 101.50-101.80 today, with an upside breakout possible on strong payrolls or if European debt weakness weighs on the euro.

Impact on assets 4

Financials▲ · 1 stocks
ING Group NV ADR
ING
± MixedMonetaryrelevance

ING's Chris Turner is quoted on dollar outlook and DXY range; ING only appears as a commentator, no company-specific development.

Others▲ · 2 stocks
％UK Government Bond 30Y
GB-30Y
▲ PositiveMonetaryrelevance

UK 30-year gilt yields hit 6%, highest in nearly three decades, as global bond rout lifts long-dated yields.

Others▼ · 1 stocks
© 2026 MarketIVNews