Pound edges higher as Jeremy Hunt brings forward tax and spending plans – business live

New chancellor prepares to anounce measures to support fiscal sustainability in attempt to calm volatile markets; pound gains a cent

• UK investors brace for another week of market turbulence

Today’s early morning statement shows just how nervous the government, and the Bank of England, are about the UK bond market, points out Ed Conway of Sky News:

We’ll find out at 8am if the bond market is calmed….

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