LONDON (Reuters) – The recent volatility in British financial markets, including a rise in government bond yields and a fall in the value of the pound following the new government’s first budget on Wednesday, was not unusual, Treasury minister Darren Jones said. “Markets always respond to budgets in the normal way,” he told Sky News […]
LONDON (Reuters) – The recent volatility in British financial markets, including a rise in government bond yields and a fall in the value of the pound following the new government’s first budget on Wednesday, was not unusual, Treasury minister Darren Jones said.
“Markets always respond to budgets in the normal way,” he told Sky News on Friday. “There’s a lot of new information about the economy and the nation’s finances presented to parliament, and it’s normal for markets to respond.”
(Reporting by Catarina Demony,; Writing by Paul Sandle,; Editing by William Schomberg)
