Unruly Britannia

NAB Morning Call · Sep 26, 2022 · 18m

Tuesday 27th September 2022NAB Markets Research DisclaimerFinancial Services Guide | Information on our services - NABThe 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…