1225 GMT - The U.K.'s treasury chief says she met Bank of England Gov. Andrew Bailey earlier Tuesday, confirming markets are working effectively despite the recent turmoil prompted by U.S. tariffs. "This morning, I spoke to the governor of the Bank of England, who has confirmed that markets are functioning effectively and that our banking system is resilient," Rachel Reeves says to lawmakers. The impact of tariffs has been reflected in the reaction on global markets in recent days, which financial authorities have been monitoring closely, she adds. U.K. bank shares are up in Tuesday trading, after falling sharply since President Trump's tariff announcement. (edward.frankl@wsj.com)
(END) Dow Jones Newswires
April 08, 2025 08:25 ET (12:25 GMT)
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