Bank of England Governor Andrew Bailey has informed Chancellor Rachel Reeves about the expected market reactions to the upcoming UK budget.
In a recent interview with Bloomberg TV, Bailey discussed the discussions held with Reeves regarding financial market positioning before and after the budget announcement scheduled for October 30.
The Chancellor's plans, which involve significant fiscal loosening not seen in decades, have raised concerns among investors.
Bailey's insights aim to prepare for potential volatility in the markets as the government unveils its budgetary measures, reflecting a proactive approach to managing investor sentiment in light of substantial fiscal changes.