U.K. Might Look Cheap, but It’s Hardly a Bargain Yet

The immediate antecedents to the multiple crises now gripping the United Kingdom go back years—to the 2008-09 financial crisis, the weakening of the pound sterling, austerity budgets, Brexit, the pa…

Sterling hits record low, BoE fails to spark recovery

Sterling three-month implied volatility surged to 20% on Monday, its highest since just after the Brexit referendum in 2016, signalling markets expect more turbulence.It had plunged as much as 4.85% t…

British PM Truss tells allies to stand firm on Ukraine

But she has also been in dispute with some traditional allies, especially in Europe and the United States, over post-Brexit trading arrangements with the European Union.Truss said she still wanted a n…

The City is fighting to carve out a post-Brexit role

Liz Truss argued that the eu-inherited Solvency II rules, which specify how much capital insurers must earmark to ensure they can meet future liabilities, are ripe for reform.The Association of Britis…