Day

February 13, 2020

Rishi Sunak named new Chancellor after resignation of Javid

Rishi Sunak was named the U.K.'s Chancellor of the Exchequer, just minutes after the surprise resignation of Sajid Javid. Sunak, the chief secretary to the Treasury, has a background in finance including at hedge fund The Children's Investment Fund as well as at Goldman Sachs. The pound was trading at $1.3021 up from $1.2960 on Wednesday.

U.K. Chancellor Javid has resigned: reports

British media outlets have reported that Sajid Javid , the chancellor, has resigned. He reportedly quit after being told by Prime Minister Boris Johnson to fire all of his advisers. Javid resigned without ever delivering a budget. The British pound wa...

Tapping the brakes on risk sentiment

FT subscribers can click here to receive Market Forces every day by email. There was some tapping of the brakes across equity markets and risk assets on Thursday as the latest development from China reminded investors that the terrain is sinuous rathe...
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