Pound faces 'existential crisis', Bank of America warns – live updates - The Telegraph

5/30/2022 12:00:00 AM2 years 11 months ago

The pound is facing an “existential crisis” and is likely to weaken further during this year, one of Wall Street’s top banks has warned.

Good morning. Brent crude oil has topped $120 per barrel for the first time since March as China prepares to reopen the manufacturing hub city of Shanghai. The FTSE 100 is set to open 0.4pc higher a… [+1460 chars]

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Pound faces 'existential crisis', Bank of America warns – live updates - The Telegraph

The pound is facing an &ldquo;existential crisis&rdquo; and is likely to weaken further during this year, one of Wall Street&rsquo;s top banks has warned.

The pound is facing an “existential crisis” and is likely to weaken further during this year, one of Wall Street’s top banks has warned.