Markets brace for more financial turmoil after Bank of England's decision to end its emergency support sent the pound plummeting overnight
He went on: "And my message to the funds involved and all the firms involved managing those funds: You've got three days left now.Following his statement, the pound dropped sharply against the dollar to $1.0953 - the first time in weeks that it had fallen below $1.10.
Earlier on Tuesday, the Pensions and Lifetime Savings Association - an industry body - called for an extension to the bond-buying programme until October 31 "and possibly beyond". The Bank of England extended its bond-buying to include inflation-linked debt almost two weeks after launching it to help pension funds cope with a slump in bond prices caused by the mini-budget."We will see."
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