The pound plunges after the publication of the budget of the new British government

The pound plunges after the publication of the budget of the new British government

Britain’s newly formed government unveiled its budget plans on Friday morning – and the reaction from global financial markets is more than stunning. Why is this important: Essentially, the markets treat the UK as they treat emerging markets, which are seen as not having the same reliable and disciplined economic policy-setting institutions as wealthier nations. …

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