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Is the UK now a buy?  Analysts step in after market collapse and Bank of England intervention

Is the UK now a buy? Analysts step in after market collapse and Bank of England intervention

A security guard stands outside the London Stock Exchange building on December 29, 2020. Tolga Akmen | AFP via Getty Images UK bond markets and the pound plummeted this week as investors balked at the new government’s fiscal policy announcements, and some analysts believe opportunities are emerging. The Bank of England was forced to intervene …

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Larry Summers calls UK tax cuts 'totally irresponsible' and warns of possible contagion

Larry Summers calls UK tax cuts ‘totally irresponsible’ and warns of possible contagion

Larry Summers Cameron Costa | CNBC LONDON — Former US Treasury Secretary Larry Summers warned on Tuesday that the United Kingdom had lost its sovereign credibility after the new government’s fiscal policy sent markets tumbling. The pound hit an all-time low against the dollar in the early hours of Monday morning, before recovering slightly on …

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After Turkey's stock market tumbles, investors brace for another rate cut as inflation soars

After Turkey’s stock market tumbles, investors brace for another rate cut as inflation soars

An electronic board displays information about exchange rates at a currency exchange office in Istanbul, Turkey, Monday, August 29, 2022. Nicole Tung | Bloomberg | Getty Images Investors brace for another potential interest rate cut – or simply a hold at the current rate – as Turkey refuses to follow economic orthodoxy in tackling its …

After Turkey’s stock market tumbles, investors brace for another rate cut as inflation soars Read More »