It may be raising interest rates too far, too fast.
Tag: Currency
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In an Echo of History, the British Pound Has Lost Its Dominance
The Bank of England had to step in Wednesday after markets deemed a new government economic plan as unwise, but the pound has been on a longer slide.
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Strong Dollar Is Good for the US but Bad for the World
The Federal Reserve may have no choice but to wage a relentless inflation fight, but countries rich and poor are feeling the pain of plunging currencies.
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British Pound Sinks as Markets React to U.K. Government Tax Cuts
Stocks, bonds and the pound were jolted by policy details from the new government that entailed a huge rise in borrowing.