Markets hate Liz Truss' plan for the UK. Just look at these charts

Markets hate Liz Truss' plan for the UK. Just look at these charts

When the UK government, led by new Prime Minister Liz Truss, unveiled its plan to rescue the British economy on Friday, the reaction from investors was instantaneous: They hated it. The British pound crashed below $1.10 by mid-afternoon, hitting a new 37-year low against the greenback. UK government bonds also sold off sharply. The yield on the benchmark 10-year UK government bond, which moves opposite prices, leaped by a quarter percentage point — a very large move in the world …