- Sterling hits record low; risk of BOE response
- Euro hits 20yr low, yen sliding despite intervention worries
- Asia markets fall and S&P 500 futures drop 0.6%
SYDNEY, Sept 26 (Reuters) – Sterling slumped to a record low on Monday, prompting speculation of an emergency response from the Bank of England, as confidence evaporated in Britain’s plan to borrow its way out of trouble, with spooked investors piling into U.S. dollars.
The carnage was not confined to currencies, as concerns that high interest rates could hurt growth also knocked Asian shares to a two-year low, with demand-sensitive stocks such as Australia’s miners and carmakers in Japan and Korea hit hard.
Post time: Sep-26-2022
