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Evening Standard
Evening Standard
World
Gavin Cordon

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

Bank of England Andrew Bailey Kwasi Kwarteng United Kingdom Threadneedle Street
Bank of England Governor Andrew Bailey (Yui Mok/PA) (Picture: PA Wire)

The pound wobbled again overnight Tuesday after the Bank of England governor warned that its emergency support package for the markets would end on Friday.

Earlier 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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