Pound and borrowing costs stabilise after market jitters

The pound and UK government borrowing costs have stabilised after a turbulent few days.The pound rose slightly to $1.22 early on Tuesday after having fallen to around $1.21 on Monday, its lowest level since November 2023, while government borrowing costs dipped slightly from their recent highs.Borrowing costs have been rising for many countries across the world, but some have argued that decisions made in the…