Reuters was first to report the Bank of England would not hesitate to change interest rates and was monitoring markets “very closely” after the pound plunged to a record low in response to the new government’s financial plans. The sterling fell about 1.5% against the U.S. dollar to $1.0671 from $1.082 before the Bank of England statement
Economy
26 September 2022, 2:15 pm. 1 minute
Article Tags
Topics of Interest: Economy
Type: Reuters Best
Sectors: FX & Fixed Income
Regions: Europe
Countries: England
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Major Global Story