City braces for more volatility after mini-budget rocks pound

City braces for more volatility after mini-budget rocks pound - short news


Odds of sterling hitting parity with dollar jump, as analysts say UK bond market ‘getting smoked’ by giveaway

City investors are bracing for more volatility after the bonanza of tax cuts and spending measures in Kwasi Kwarteng’s mini-budget threatened to undermine their confidence in the UK.

The odds of the pound hitting parity with the US dollar, for the first time ever, have jumped after sterling slumped below $1.09 on Friday as traders grew increasingly anxious about..


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source: The Guardian - 25.09.2022

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