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British pound stabilizes, but turmoil still roils UK economy

Por: Associated Press Business September 28, 2022

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LONDON (AP) — The British pound stabilized Tuesday as U.K. authorities tried to ease investor concerns after the biggest tax cuts in 50 years sent the and prompted some businesses to predict a devastating combination of a weak currency and rising interest rates.The turmoil is already having real-world effects, with British mortgage lenders pulling hundreds of offers from the market amid expectations the Bank of England will sharply boost... + full article



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