At times like these, it’s worth remembering just how bad Kwasi Kwarteng was as chancellor
Treasury vows to stick to its fiscal rules and says gilt markets functioning ‘in an orderly way’
Ground pound
Treasury seeks to reassure markets as gilt sell-off threatens the government’s ability to meet its fiscal rules
US jobs data adds to investor confidence over strength of American economy
Single currency weighed down by weak economy and expectations of further interest rate cuts
Bank of England governor opens door to a faster pace of rate cuts if inflationary pressures continue to ease
Currency’s gains against dollar and euro driven by slower pace of interest rate cuts
Currency strengthens after BoE governor Andrew Bailey warns it is ‘too early to declare victory over inflation’
Data for August points to solid economic growth in summer after strong rebound in first six months of 2024
British pound boosted by resilient economy and Labour election landslide
Pound hits highest level against dollar since July 2023 as chances of August interest rate cut recede
Calm in Britain’s financial markets following Labour victory contrasts with turmoil elsewhere in Europe
Pound has been boosted by expectations BoE will lower borrowing costs later than ECB
Investors raise short positions to 16-month high as conviction grows that UK borrowing costs will fall ahead of US
There are signs that sterling is set to embark on an upward trend after several years in the doldrums
Pound is only big developed world currency to rise against US dollar this year
Proposed design for digital pound makes it a product without an obvious market
Cable doesn’t quite fit with other G10 currency trades
Overseas investors purchase British pound at fastest clip since the summer
The pound still looks vulnerable
Yield on short-term British government debt falls to lowest level since June
‘Is the pound the UK’s economic release valve?’ and several other questions, somewhat answered
British pound declines as traders shift interest rate expectations
Sterling surge helps cut local out-of-pocket bills
