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Briefs: It may take a shock rate hike for traders to leave the UK pound alone

The Edge Singapore
The Edge Singapore • 8 min read
Briefs: It may take a shock rate hike for traders to leave the UK pound alone
The UK pound plunged almost 5% to a record low after Chancellor of the Exchequer Kwasi Kwarteng vowed to press on with more tax cuts. Photo: Bloomberg
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Chancellor of the Exchequer Kwasi Kwarteng
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