Market turmoil: Osborne said all the right things, but relief will be temporary

Discussion in 'Market News' started by Lily, Jun 27, 2016.

  1. Lily

    Lily Forum Member

    Aug 29, 2015
    Likes Received:
    Of course the chancellor had to row back on his dire pre-referendum warnings, but – for households, businesses and investors – we are in uncharted territory

    George Osborne had one job to do this morning: calm panicking financial markets after Britain’s momentous vote to leave the EU last week.

    With the pound falling sharply again overnight, it was a tall order, especially for the man who just days ago was spearheading so-called “project fear”.

    Related: Pound hit again by Brexit crisis – business live

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