Pound Rebounds as Gilt Yields Off Earlier Highs in Choppy Trade
- Sterling still on track for biggest monthly loss since 2016
- PM Liz Truss says economic policy ‘right plan’ for UK
This article is for subscribers only.
The roller coaster ripping through UK markets continued unabated Thursday.
Sterling rebounded from earlier losses Thursday, climbing more than 1% to the highest since Friday as gilt yields came off their highs. The currency had started the day down after Prime Minister Liz Truss defended her package of unfunded tax cuts.