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British pound rises, bond yields fall as UK overhauls controversial tax-cutting plans

Por: CNBC Business October 17, 2022

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Jeremy Hunt arrives at his home in London after he was appointed Chancellor of the Exchequer following the resignation of Kwasi Kwarteng. Picture date: Friday October 14, 2022.Aaron Chown Pa Images Getty ImagesLONDON — rose against on Monday alongside government borrowing prices as U.K. Finance Minister Jeremy Hunt rolled back swathes of the government's controversial tax-cutting plans.The yields on long-dated U.K. government bonds, known... + full article



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