Sterling swings as BoE confirms end of market support

Hong Kong (AFP) Oct 12, 2022

The pound swung between gains and losses Wednesday after the Bank of England confirmed it will end its support for financial markets at the end of the week. The news dealt a blow to investors who had been buoyed by a report that the BoE had pledged to lenders it would continue to provide cash if needed after Friday's deadline. Asian stocks and the pound started the day under pressure aft