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Sterling and long-term gilts fall as Truss fails to dispel fiscal worries

Financial Times LogoFinancial Times1 mo ago

Sterling and long-term gilts fall as Truss fails to dispel fiscal worries - Financial Times

Quick Summary:

Sterling fell by more than 2 per cent against the dollar to $1.123 as the dramatic rebound from last week’s all time low of $1.

Sterling fell by more than 2 per cent against the dollar to $1.123 as the dramatic rebound from last week’s all time low of $1.035 stalled.

UK government bonds were also hit with renewed declines, which accelerated after the BoE said it had declined to buy any bonds for the second day in a row under its programme introduced a week ago to prop up long-term debt in order to stave off a liquidity crisis in the pensions sector.


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Article Details

Author / Journalist: Tommy Stubbington

Category: MarketsFinanceInvesting

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-10-05 @ 16:13:40 (1 months ago)

News Timezone: GMT -5:00

Ranking: #526 (out of 3187 stories this day)

News Source URL: ft.com

Language: English

Article Length: 580 words

Reading Time: 4 minutes read

Sentences: 17 lines

Sentence Length: 35 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Financial Times

News ID: 743875

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About Financial Times

Financial Times Logo

Main Topics: MarketsFinanceInvesting

Official Website: ft.com

Update Frequency: 18 posts per day

Year Established: 1888

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #3

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Financial Times is a fully independent (privately-owned) news outlet established in 1888 that covers mostly markets, finance, and investing news.

The outlet is headquartered in United States and publishes an average of 18 news stories per day.

It's most recent story was published 8 hours ago.

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