Pound collapses, bond yields soar, echoes of 1976 crisis. Gold hits all-time highs in GBP.

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Britain’s Bond Turmoil Invokes Memory of 1976 Debt Crisis
Soaring yields prompt some comparisons with Truss debacle
But the economy’s woes may be more similar to IMF bailout era

https://www.bloomberg.com/news/articles/2025-01-09/uk-bond-turmoil-gives-labour-nightmare-of-britain-s-1976-debt-crisis?embedded-checkout=true

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