Sterling slumps again as dollar hits fresh 20-year high against major currencies, while Starmer says November statement ‘far too long off’ to review tax cuts
Over here, chancellor Kwasi Kwarteng is due to meet bankers again today in an effort to calm nerves after his mini-budget sent the pound plummeting and government borrowing costs soaring.
Sky News reports that he will ask financiers not to bet against the pound, which hit a record low against the dollar on Monday.
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