Sterling jumped after Kwasi Kwarteng’s announcement that he would reverse plans to cut the highest rate of income tax

Market Closed

Market Closed

1.15

23 September

Mini-budget announced

1.10

3 October

U-turn on 45p tax

band removal

1.05

26 September

Pound hits record low

against the dollar

28 September

Bank of England

intervenes

1.00

23 Sep

26 Sep

27 Sep

28 Sep

29 Sep

30 Sep

03 Oct