Jeremy Hunt, the new chancellor of the Exchequer, announced a sweeping reversal in an effort to steady the markets and reduce the pressure on Prime Minister Liz Truss.
Tag: Government Bonds
-
British Pound and Bond Prices Rise as New Chancellor Accelerates Tax Plans
Jeremy Hunt, Britain’s new top finance official, said he would bring forward by two weeks measures to “support fiscal sustainability.”
-
After Weeks of Turmoil, UK Markets Face Another Test on Monday
Investors will get to weigh in after the Bank of England ended its bond market intervention and the bank’s governor offered conciliatory words over the weekend.
-
With So Much Riding on the Fed’s Moves, It’s Hard to Know How to Invest
Where the markets go from here depends on whether and how deftly the Federal Reserve pivots from its hawkish stance.
-
U.K. Markets Slump Despite Kwasi Kwarteng’s Ouster
Kwasi Kwarteng, the chancellor of the Exchequer, was fired on Friday by Prime Minister Liz Truss in a bid to end weeks of market turmoil.