UK traders react to Truss exit: ‘Markets are calling the shots’

UK traders react to Truss exit: ‘Markets are calling the shots’

Some traders said markets will be volatile until a replacement is named, and any new leader will struggle to fix the UK’s weak economy and double-digit inflation.
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By Naomi Tajitsu and Farah Elbahrawy

(Bloomberg) — This month of economic chaos will be a warning to any future British leaders about the risk of being reckless with the country's finances, said UK traders after Prime Minister Liz Truss resigned. 

In interviews on Thursday, many investors predicted that the next prime minister will restore calm and make policy decisions that bring stability back to markets. 

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