Sterling, FTSE and gilts all fall after Kwarteng's mini-budget backfires

inflation expectations, soaring edit another The base point points to the new – 3.25%. It has risen more than 1.5 percentage points since Liz Truss emerged as the favourite to win the Conservative leadership race. Truss took over as prime minister in early September.

more1079 Rate

– Sensitive 1000 2 years At the same time, the increase in gilt yields was even greater, almost reaching

– up to 4% yearly, then retraces to 3.30% go through: Eastern Time (: GMT).