The analyst listed the first consequences of the fall of the pound sterling

The fall of the pound sterling shocked international financial markets and led to strong fluctuations in the price of US and European bonds and stocks. This was stated by Financial Times analyst Rahobank Richard McGuire.

McGuire stressed that investors are seeing the UK Cabinet experiment and are wondering if other countries will follow suit.

According to Nomura Asset Management spokesman Dicky Hodges, the fall in London stocks was “so significant that it had devastating consequences for all markets.”

Electricity spending for UK households should increase again from 1 October as the increase in the wholesale cost of gas is reflected in consumer bills.

Despite PM Liz Truss’s policy of freezing a household’s electricity bill at £2,500, which could cost the Cabinet more than £100bn in funding, many households will continue to struggle to afford the new tariffs as they are practically in twice the average bill of £1,271 in 2021.

Earlier it was reported that Britain recorded a record increase in food prices.

The Prime Minister of Britain, who disappeared for a week, returned to the information field, but could not calm the British. Liz Truss only announced a very difficult winter.