Asian markets dive anew but sterling stabilizes

And in a sign of the long roadway ahead for finance chiefs — and the dour outlook for stocks — data out of several countries, including Germany and Belgium, this week showed that prices are still …

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…

Wall Street keeps stocks down, dollar up on inflation

The large picture hasn’t changed: yields are an upward trend, inflation is still really high, interest rates are set to continue on the route of higher rates, he said.The British pound, which had …

Sterling set for biggest weekly rises since March 2020

Prime Minister Liz Truss and finance minister Kwasi Kwarteng met Britain’s fiscal watchdog Office For Budget Responsibility (OBR) and confirmed markets would have to wait until Nov.Data on Friday sh…