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• 08:14, 17 January 2026 AddieSeverance0 talk contribs created page Interest Rates To Hit 5% Next Year As Bank Steps Up Inflation Fight (Created page with "Sterling fell as much as 4.9% during Asian trading to an all-time low of $1.0327, adding to Friday's 3.6% plunge following the unveiling of new Finance Minister Kwasi Kwarteng's historic tax cuts, funded by the biggest increase in borrowing since 1972. interest rate futures have been roiled. It is only the latest casualty in financial markets, which have been tumultuous recently. On Friday, gilts suffered their heaviest selling in decades, and before that, the yen and U....")