Liz Truss stepping down from her role as PM after just 45 days will only heighten financial markets’ fears as political chaos in the UK worsens.
We’ve seen over the past few weeks how unforgiving the markets are when the Pound plummeted to all-time lows against the Dollar, gilt yields rose, and stocks markets dipped due to irresponsible economic policies set out by the Truss government.
Yet despite Truss’s resignation today, I don’t think this will signal an end to the Read More
Liz Truss has won the Conservative party leadership and takes over from Boris Johnson as the UK’s new Prime Minister.
Yet her victory is helping to further sink the troubled pound, and it looks as though things will only get worse.
As I was quoted by The Mirror, Pound Sterling Live, London Loves Business and Capital.com, amongst other media, up to now, Sterling is one of 2022’s worst performing major currencies, and on Monday fell to its lowest since 1985.
Part of the Read More