The pound’s tumble to as low as US$1.0350 (RM4.78) – fuelled by Kwarteng’s comment on Sunday that there’s “more to come” on tax cuts – has sparked calls for aggressive rate hikes from the Bank of England (BoE),
An “inter-meeting hike is incoming,” with traders already pricing in a 100-basis-point increase by the central bank in November.
Source: Bloomberg
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