The British pound and yen faced pressure amid global fiscal concerns and Japanese political uncertainty. UK’s borrowing costs surged, impacting sterling, while Japan’s yen weakened following a ruling party official’s resignation announcement. This boosted the dollar against other currencies. Investors are also closely monitoring upcoming U.S.
Kaynes shares plunge 43% from October peak. Is a tactical rebound on the cards or more pain ahead?
Kaynes has plunged 43.5% from its October peak, with Friday’s 12.5% drop marking the steepest single-day decline. Momentum indicators remain bearish, signaling a risk of