THE value of the pound has dropped further despite Liz Truss's U-turn on large parts of former chancellor Kwasi Kwarteng's mini-budget.
The Bank of England bought just £1.5 billion in gilts on Friday as its intervention to prop up the markets after Kwarteng's mini-budget came to an end on the same day as he lost his job.
The pound and UK Government bonds also came back under pressure despite the Prime Minister’s decision to reverse corporation tax plans as the financial markets seek further action.
