Videos

Bank of England forced to intervene after pound plummets

In a statement, the Bank of England said it was “monitoring developments in financial markets very closely in light of the significant repricing of financial assets.”

Kwasi Kwarteng declined to comment after the pound dropped to its lowest ever level against the dollar, following the most extensive programme of tax cuts for 50 years.

Paul Kelso has this report.

#skynews #economy #bankofengland

SUBSCRIBE to our YouTube channel for more videos: http://www.youtube.com/skynews

Follow us on Twitter: https://twitter.com/skynews
Like us on Facebook: https://www.facebook.com/skynews
Follow us on Instagram: https://www.instagram.com/skynews
Follow us on TikTok: https://www.tiktok.com/@skynews

For more content go to http://news.sky.com and download our apps:
Apple: https://itunes.apple.com/gb/app/sky-news/id316391924?mt=8
Android https://play.google.com/store/apps/details?id=com.bskyb.skynews.android&hl=en_GB

Sky News videos are now available in Spanish here/Los video de Sky News están disponibles en español aquí https://www.youtube.com/channel/skynewsespanol
Sky News videos are also available in German here/Hier können Sie außerdem Sky News-Videos auf Deutsch finden: https://www.youtube.com/channel/UCHYg31l2xrF-Bj859nsOfnA

To enquire about licensing Sky News content, you can find more information here: https://news.sky.com/info/library-sales

Articles You May Like

News or noise? Orioles move in fences, Yankees protect Caleb Durbin
Leverkusen have lost what won them last season’s Bundesliga
Russian forces capture ‘former British soldier’ fighting for Ukraine – reports
British tourist who fell ill from methanol poisoning in Laos dies
Banana auction billionaire’s $30 million investment in Trump’s crypto token highlights new ways to enrich president-elect