The Bank of England in the City of London, where every utterance from policymakers will be followed by traders ahead of its next scheduled rate-setting meeting in November (Yui Mok/PA)
(Picture: PA Archive)The pound steadied and the bond market held firm today, easing fears of a currency crisis following yesterday’s spectacular sell-off.
On Monday sterling plunged to an all-time low of $1.035 as the market reacted fiercely to the government plans to fund tax cuts with fresh borrowing.
