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Evening Standard
Evening Standard
Business
Simon English

Sterling takes a pounding as the City frets over Boris victory

City Bank of England Boris Johnson

The Bank of England (Yui Mok/PA)

(Picture: PA Wire)

THE pound wobbled today in the wake of Boris Johnson’s leadership victory as the City fretted about the prospects for the UK economy – and feared turbulence ahead.

With a recession possible and inflation heading towards 10%, the PM’s relationship with the Square Mile and the wider business community is tense.

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