Pound Recovers to Levels Before Mini-Budget Announcement

Sterling continued to rally on Tuesday after bouncing back to levels before the UK Chancellor Kwasi Kwarteng’s mini-budget announcement.

A pile of one pound coins is seen in a photo illustration. Toby Melville/Illustration/Reuters

Sterling continued to rally on Tuesday after bouncing back to levels before the UK Chancellor Kwasi Kwarteng’s mini-budget announcement.

It was last trading at $1.1363, more than 10 percent up since the mini-budget.