Pound, Gilts Weaken as Truss Energy Package Fuels Debt Fears

By Geoffrey Smith Investing.com — The hit a new low and U.K. government bond prices slumped as markets took fright at the rising cost of getting the country through an energy crisis in the coming winter. The pound tested $1.13 against the dollar, a level it hasn’t seen since 1985, before recovering a little later … Read more

Sterling Gains on Truss Energy Package Reports

By Geoffrey Smith  Investing.com — The pound gained on Tuesday after an initial uptick on reports that incoming Prime Minister is preparing a package of measures that could be worth as much as 170 billion pounds ($196 billion) to ease the pain of the ongoing energy crisis. Bloomberg reported on Tuesday that Truss is eyeing … Read more