The markets have issued their verdict:
- 30-year borrowing costs are at a 27-year high, peaking so far today at 5.702%. Breaching the 5.7% barrier…
- 10-year borrowing costs at 4.795% are at their highest level since the beginning of April.
- GBP sold off. Sterling has fallen 1% to 1.34 USD and 0.6% down against the Euro.
Do investors not have faith in Minouche Shafik?