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The Independent UK
The Independent UK
National
Thomas Kingsley

Pound falls as Bank of England intervenes to calm markets

Tax Cuts Kwasi Kwarteng Huw Pill Asia Bank of England
PA Wire

The pound continues to retreat despite the Bank of England’s emergency measures to calm the market.

Sterling was trading at $1.073 at 4pm, up from $1.066 at 2pm as the pound recovers from a record low against the dollar of $1.03 as spooked markets react to Kwasi Kwarteng’s tax-cutting mini-Budget.

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