Unruly Britannia
Tuesday 27th September 2022
NAB Markets Research Disclaimer
Financial Services Guide | Information on our services - NAB
The pound fell to an all-time low overnight before picking up a little, but still well down on the day as markets react badly to the new UK Chancellor’s mini-budget last week. NAB’s Taylor Nugent talks through the response, which is being driven largely by uncertainty. Gilt yields have pushed up markedly and the unease has spread to other markets, with bond yields also rising sharply in the US. There has been some expectation that the Bank of England will call an emergency…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.