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The British pound has fallen to its lowest point in fourteen months, reports news agency Bloomberg. The pound fell by as much as 1 percent to 1.23 against the US dollar. This means that the pound has reached its lowest level since 2023. The British currency is plummeting so quickly due to the British government's borrowing costs, which have reached a peak. The yields on British government bonds are currently the highest in 16 years. Thumbnail: ANP Do you need more BNR in your life? Then also check out our podcasts and articles: https://www.bnr.nl/ Also follow us on other social media: Instagram: / bnrnieuwsradio TikTok: https://vm.tiktok.com/ZML5nvq2A/ Twitter: / bnr Facebook: / bnr.nieuwsradio LinkedIn: / bnr-nieuwsradio Download the BNR app: https://www.bnr.nl/app