A tale of two cities as Londoners mourn, tourists cheer pound's slide

FILE PHOTO: A woman on a tourist bus protects herself from a downpour of rain, in London, Britain, August 16, 2022. REUTERS/Peter Nicholls/File Photo

LONDON (Reuters) - As a drizzle fell over a grey autumnal London, and the pound plummeted on traders' screens, U.S. tourist Heather Davidson saw one gleaming bright spot on her horizon – the chance of ever cheaper treats in Covent Garden’s boutiques.

Across town, the capital's financial district was still reeling from the impact of new finance minister Kwasi Kwarteng's tax cuts which, as the biggest since 1972, will be funded by huge government borrowing.