commodity and currency check, 9 January

The pound has fallen to a 14-month low in early London trading, as a bond-market sell-off fuels growing anxiety about UK assets. Sterling extended its recent losses against the dollar, dropping to around $1.2290 at the time of writing, after briefly touching $1.226. This marks its lowest level since November 2023, underscoring the impact of rising UK borrowing costs, which continue to rattle market confidence at a time when the US dollar is generally strengthening. CCY - Delayed Quote • USD ..