Pound plummets to 14 month low as FTSE slumps after Gilt yields soar

Pound Sterling was under pressure on Monday, slumping to a 14-month low and trading at 1.2149 against the US Dollar.  

The FTSE 100 was forecast to open 22 points lower at 8226, falling .9% since Friday. Meanwhile, UK 10-year Gilt yields climbed to their highest levels since the 2008 financial crash at 4.843.

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