Tag Archives: UK economy

Sunak has acknowledged that his country is dealing with “profound economic challenges,” and he is stepping in at a pivotal time as the country needs some stability. Sunak is feeling the pressure of trying to gain investors’ confidence following the financial fallout caused by last month’s controversial tax cuts.The markets …

Rishi Sunak, is preparing to decide broad tax raises as the new British prime minister looks to plug a £50bn hole in public finances.Treasury insiders said, on Monday, that Sunak and his finance minister Jeremy Hunt agreed that while “those with the broadest shoulders should be asked to bear the …

The American dollar resumed its journey to the south, falling against its major rivals. The EUR/USD pair reclaimed parity and approaches 1.0100 ahead of preliminary Q3 Gross Domestic Product estimate in the United States, September Durable Goods Orders reading (expected to up by 0.6%) and the European Central Bank monetary …

British Prime Minister Rishi Sunak held his first cabinet meeting on Wednesday, a day after taking office with a promise to fix the previous government’s mistakes and stabilize the economy. High on Sunak’s agenda is preparing the financial market’s eagerly awaited financial statement, due out on October 31, but the …

The good old days when Rishi Sunak was finance minister are practically different from the days awaiting him as prime minister. The UK government seems under pressure to show how it will keep borrowing and how to restore Britain’s fiscal credibility in markets.With more than two years as finance minister …

Who is Rishi Sunak? What does it mean that he became UK new prime minister? Rishi Sunak is now the new leader of the UK’s Conservative Party, the Torys. He is Britain’s next prime minister after both the leading candidates considered his rivals in the race to replace Liz Truss …

Soaring treasury yields managed to save the US dollar on Thursday. The American currency started the trading day with negative performance, but later was able to trim intraday losses and finished the day little changed against most major rival currencies.The yield on the 10-year US Treasury note picked at 4.23%, …

The GBP/USD strikes the 1.1400 mark, as the UK’s new Finance Minister, Jeremy Hunt, said, On Monday, that the government changed its course while reiterating that Britain is a country that “pays its debts.” So far, Liz Truss’ U-Turn keeps investors’ mood positive, with global equities trading in the green …

The new British Finance Minister Jeremy Hunt is speaking before the House of Commons following the Leader of the House Penny Mordaunt.Earlier on Monday, Hunt announced the UK government will reverse almost all tax measures announced on the mini-budget. Speaking to MPs, UK Finance Minister said that there are still …

The US session left the American Dollar slightly changed on Wednesday, despite some noise coming from major central banks. Investors await US inflation data, which could provide fresh clues on the policy track to be followed by the Federal Reserve in next policy meetings.The EUR/USD pair remains stable at around …