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British Pound Hits Record Low After Tax Cuts Spark Concern About Economy

Por: Time World September 26, 2022

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The selloff in U.K. assets went into overdrive on Monday, sending the pound to an all-time low, slamming government bonds and sparking talk of emergency action by the Bank of England. The market mayhem extended the damage seen on Friday in the wake of the which sent investors into a panic. The plunge in U.K. gilts sent 10-year yields above 4% for the first time since 2010. Sterling dropped to as low as $1.0350, taking it closer to parity with... + full article



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