Pound briefly jumps on rumours about raft of U-turns on mini-budget
Pound briefly jumps on rumours about raft of U-turns on mini-budget
The jump follows reports of yet another Government U-turn (Picture: Getty/usnewsrank.com graphic)
The value of the pound against the dollar briefly surged today amid rumours the government is about to row back on policies announced in last month’s mini- budget.
It jumped 2.1% versus the dollar to almost $1.13 – moving towards its pre-budget levels.
But it since dropped again to $1.12, after the…
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