Pound Plunges to Record Low as Kwarteng Signals More Tax Cuts
Updated: 26 Sep 2022, 08:59 AM IST
TL;DR.If the rout continues and widens into broader markets, there’s a risk Prime Minister Liz Truss’s days-old administration may be pushed into a crisis that could force a rapid policy response.
FILE PHOTO: Woman holds British pound banknotes in this illustration taken May 30, 2022. REUTERS/Dado Ruvic/Illustration/File Photo