EUR/GBP struggles for a firm direction, stuck in a range around mid-0.8600s – by hareshmenghani EURGBP Politics FiscalPolicy BOE Currencies
The UK political uncertainty undermines the British pound and offers support to the cross.EUR/GBP
The downside, however, remains cushioned, at least for now, amid the UK political uncertainty, which continues to act as a headwind for the British pound. In fact, rebels within the ruling Tory Party are coming together to replace the newly-elected UK Prime Minister Liz Truss in the wake of the recent tax cut fiasco. It is worth recalling that the new UK Finance Minister Jeremy Hunt reversed almost all tax measures set out in the mini-budget led to chaos in the financial markets.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Sneaky Students Using AI to Write Their Papers For ThemTech-savvy students are reportedly getting straight A's by using advanced AI language generators — mainly OpenAI's GPT-3 — to write papers for them.
Read more »
Remembering the 1989 Loma Prieta Earthquake, 33 Years LaterThe Loma Prieta Earthquake shook the Bay Area on Oct. 17, 1989, killing 63 people and injuring thousands. Here's a look back 33 years later.
Read more »
EUR/GBP forecast at 0.89 in three months – Danske BankThe EUR/GBP continued to pull back on Monday and fell to the lowest level in four weeks near 0.8580. According to analysts from Danske Bank, the cross
Read more »
GBP/USD retreats from daily top, still well bid amid broad-based USD weaknessThe GBP/USD pair catches fresh bids on the first day of a new trading week, though struggles to find acceptance or capitalize on the move beyond the 1
Read more »
GBP/USD bulls take a breather at fortnight top, retreats to 1.1350 with eyes on UK politicsGBP/USD bulls take a breather at fortnight top, retreats to 1.1350 with eyes on UK politics – by anilpanchal7 GBPUSD RiskAppetite Politics CentralBanks Inflation
Read more »