Tag Archives: Liz Truss

British Prime Minister Liz Truss was forced on Monday to abandon plans to cut the highest income tax rate, which has sparked a rebellion within her party and turmoil in financial markets. Terrace and its finance minister, Kwasi Quarting, announced a new “growth plan” on September 23 that would cut …

As the British Pound recovers further ground across the G10 currencies, the EUR/GBP pair is experiencing its worst trading day since 13 July. The pair dropped during the American session and hit the lowest level in almost a week at 0.8836. It is hovering around 0.8850, namely down by almost …

UK Prime Minister Liz Truss said on Wednesday that her government ponders the proliferation of low-tax investment zones across the country. “Alongside the tax statement that the finance minister will lay out, he’ll also lay out a series of supply-side reforms to make our economy more productive over the long-term, …

prices are surging five times faster than the UK central bank’s 2% target, so, the sterling falls on daily basis, and accordingly, policy makers led by Governor Andrew Bailey face accelerating pressure to step up the pace of monetary tightening.This week, the Bank of England will consider whether to pursue …

The GBP/USD pair is expected to finish the current week with more than 1.50% losses, ahead of BoE’s and Fed decisions. The pair is trading at 1.14 at the time of writing versus Thursday’s closing price at 1.1395.The University of Michigan Consumer Sentiment improved versus the last month’s reading, while …

The US dollar extended its gains, ending Tuesday higher against most rival currencies. The EUR and the JPY were the worst performers, falling to multi-year lows against their American rival. EUR/USD traded as low as 0.9863, now hovering around 0.9900, while USD/JPY trades a handful of pips below 143.07, a …

The US dollar started the week with positive performance against most major rival currencies, although a Federal holiday in the US maintained volumes at their lows and major pairs within limited intraday ranges.On Monday, Moscow decided to cut energy to Europe until Western sanctions are lifted. Germany announced it will …

The British FTSE 100 index ended slightly higher on Monday as commodity stocks achieved notable gains. Investors looked ahead to the appointment of Liz Truss as Britain’s new prime minister against a deteriorating economic background.The commodity-heavy FTSE 100 ended 0.1% higher, after falling as much as 1.2% earlier in the …