Fresh British fog or the failure of the budget plan

Fresh British fog or the failure of the budget plan Investors are actively selling the pound and British bonds. London is sinking into a financial crisis after the incompetent actions of the new government. The pound has stabilized and yields have returned to normal after Monday's fiasco, which forced the Bank of England to issue an emergency statement promising to tighten inflation controls.Now that the UK, like the rest of Europe, is on the brink of recession, the idea of cutting taxes and building up debt while the central bank continues to cut its government bond portfolio has already proved a failure. An analysis of public opinion after the release of the budget plan showed that the new prime minister, Liz Truss, and her head of the treasury, Kwasi Kwarteng, had unsuccessfully prioritized the new fiscal policy.Bailey's comments sounded unexpectedly harsh. The monetary regulator did not urgently raise interest rates to calm investors, but only promised to discuss this possibility at the next meeting in November.While traders have cut expectations that the BOE will announce a surprise rate hike, big business is looking for a 1.5 percentage point increase to 3.75% in November. For now, the markets are just watching the situation.British debt prices rose in early deals on Tuesday, with 10-year yields falling 0.19 percentage points to 4.07%, but the downside reserve for these debt assets has not yet been exhausted.Major UK banks have also started to call mortgages in response to higher yields, and mortgage rates are expected to rise substantially.The risk of any transactions with British assets has increased significantly and this situation will continue for at least 2-3 weeks. Do not neglect fundamental analysis and be careful.Profits to yall!