As broad selling took hold in UK markets for a fourth day, focus turned to the pound after it fell to the lowest level in over a year. Concern that the Labour government will struggle to keep the nation’s deficit in check amid higher borrowing costs pushed sterling down as much as 1% on Thursday to $1.2239. That’s the weakest level since November 2023.
Today’s guests: Themistoklis Fiotakis, Barclays; Peder Beck-Friis, PIMCO; Odile Renaud-Basso, EBRD President
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“The Pulse With Francine Lacqua” is all about conversations with high profile guests in the beating heart of global business, economics, finance and politics. Based in London, we go wherever the story is, bringing you exclusive interviews and market-moving scoops.
Chapters:
00:00:00 – The Pulse with Francine Lacqua
00:00:25 – Los Angeles evacuate 180,000+
00:03:12 – Trump: Meeting with Putin arranged
00:07:48 – UK asset rout continues, gilts slide
00:08:09 – Themistoklis Fiotakis, Barclays
00:09:10 – Peder Beck-Friis, PIMCO
00:19:51 – Headlines
00:20:38 – Elon Musk wades into German election
00:24:24 – SCORUS weighs fate of TikTok
00:28:11 – Odile Renaud-Basso, EBRD President
00:37:49 – Top stories
00:39:33 – UK’s Jones: Gilt functioning orderly
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