The currency hit two-year lows versus the dollar on Wednesday after the resignation of top ministers that had left the government dangerously close to paralysis."It's the case of buy the rumour, sell the fact," said David Madden, market analyst at Equiti Capital.
"The pound has fallen so much because of the rumblings of a resignation. I think markets have already priced in a change of government, and that should pave the way for a bit of medium-term stability." Worries about economic growth and soaring inflation continued to dominate global market mood, with investors now looking to the earning season for signs on how companies are faring amid costs and weakening consumer confidence.
Imagine what the stock market will do once we get rid of this administration.
No one cares
Joe Biden Next please
hoarders