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The Independent UK
The Independent UK
National
Lucy Skoulding

Pound plunges as Bank of England warns market emergency support will end on Friday

Bank of England Andrew Bailey Kwasi Kwarteng
PA Wire

The pound has plunged again after governor of the Bank of England Andrew Bailey warned that its emergency support package for the markets would end on Friday.

Earlier on Tuesday the Bank intervened for the second time in as many days to prevent “fire sales” of pension fund assets, amid the continuing market turmoil in the wake of Chancellor Kwasi Kwarteng’s mini-budget.

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