OBR is the UK government's Office for Budget Responsibility. Its bille as an independent fiscal watchdog,
The UK Guardian reports:
- Liz Truss to hold emergency talks with OBR after failing to calm markets
Exclusive: in unusual move PM will meet fiscal watchdog with Kwasi Kwarteng after mini-budget sparks investor panic
The currency has recovered from its deep dive last Friday and Monday of this week. The Guardian 'failing to calm markets' seems a tad overblown if GBP is anything to go by. The Bank of England action to shore up the Gilts market went a long way to reducing market stress. While it ain't necessarily over, cooler heads are gaining the ascendancy, for now at least:
