UK Can’t Shake Pound Negativity After Weeks of Political Chaos
- Soaring inflation, weakening economy all weighing on outlook
- Morgan Stanley analysts see UK as ‘structural underperformer’
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Prime Minister Liz Truss is on her way out, just as markets wanted. But the huge economic and fiscal headwinds ahead spell further pain for the pound regardless of who wins the contest to become the UK’s next leader.