Pound hits 14-month low as UK bond sell-off continues, evoking fears of Truss moment – business live
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Rolling coverage of the latest economic and financial news Rolling coverage of the latest economic and financial news This dynamic, of yields moving higher, as the respective currency falls, is a classic sign of fiscal de-anchoring taking place, and of participants losing confidence in the Government in question’s ability to exert control over the fiscal backdrop. We’re not at the Truss/Kwarteng stage just yet, but things are clearly on very shaky ground indeed. “With sterling weakening, that
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