Classifieds

Sterling continued to rally on Tuesday after bouncing back to levels before the UK Chancellor Kwasi Kwarteng’s mini-budget announcement.
It was last trading at $1.1363, more than 10 percent up since the mini-budget.
The dollar slid against a basket of major currencies, as the euro and the pound made upward headway and Treasury yields slipped in light of a shift in investor expectations for the path of U.S. interest rates.
It comes after the chancellor abandoned his plan to abolish the top rate of income tax and appears to be planning to bring forward his medium-term fiscal plan.
In his mini-budget announcement on Sept. 23, Kwarteng said the government’s plan to subsidise part of the soaring energy bills for households and businesses will cost £60 billion ($68 billion) in the next six months....