MARKET NEWS
Sterling slides for a fourth day amid bond market turmoil - REUTERS
Jan 10 (Reuters) - Sterling continued its slide on Friday, its fourth day of falls, as elevated global bond yields kept the currency under pressure.
The pound was down 0.17% against the dollar at $1.2286 , hovering close to Thursday's 14-month low of $1.2239.
Global borrowing costs have soared amid concerns about rising inflation, reduced chances of a drop in interest rates, and uncertainty over how U.S. President-elect Donald Trump will conduct foreign or economic policy.
