The UK’s great gift to the world through its very British omnicrisis of the past month – beyond the comedy value and schadenfreude – is to provide a useful reminder that in markets, things can fall apart quickly with grim real world consequences.
Some politicians have sought to blame the wild scenes in sterling and, more importantly, in gilts on global factors as if the toxic “mini” budget played only a bit part. This notion is for the birds.
Financial Times