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
The Pound will likely decline further and more radically next week if Liz Truss is named the UK’s next Prime Minister as expected.
Sterling has registered its largest monthly fall against the Dollar since October 2016, at the height of the Brexit fallout.
Last month, the Pound fell 4.5% to $1.16 and nearly 3% against the Euro. Sterling kicked off September with an additional 0.3% fall against the greenback.
We forecast things will get worse for the Read More