The realisation that US interest rates will be "higher for longer", as the US Fed has signalled, is hitting shares globally and the pound here. Last night's turmoil in Washington when House of Representatives Speaker Kevin McCarthy was ousted for the first time in US political history added to the febrile mood.
The comparative strength of the American economy is making investors nervous at looking elsewhere. Overnight Hong Kong shares fell again, while fresh US figures showed the jobs market is stronger than expected.
Denne historien er fra October 04, 2023-utgaven av Evening Standard.
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Denne historien er fra October 04, 2023-utgaven av Evening Standard.
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Only £65k a month to live like Boy George
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Title fight catches fire after Gunners embrace dark side
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'Healing is a dirty word'
After four traumatic years, FKA twigs is back with a new album -and a thrilling metamorphosis