News Snapshot:
This story is part of CNN Business’ Nightcap newsletter. To get it in your inbox, sign up for free, here. New York CNN Business — After tumbling to a record low against the dollar, the British pound stabilized Tuesday, rising more than 1% to $1.08. But the economic policy that sparked the currency’s historic nosedive yesterday hasn’t gone away. And it’s especially bad news for anyone who isn’t wealthy. Here’s the deal: Millions of homeowners in the United Kingdom are about to see their monthly mortgage payments increase by hundreds or even thousands of dollars, my colleague Anna Cooban writes....
