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As if the political storm hitting the UK was not enough, macroeconomic data is also not encouraging markets, adding pressure to the country's assets. GBP/USD has lost more than 1.4% since the start of...
The British pound is likely to see another few months of turmoil now that Prime Minister Liz Truss has resigned. During Truss’ reign, which latest a mere 45 days, the shortest tenure in UK prime...
The political soap opera continues in the UK, with Prime Minister Truss playing the part of the tragic hero. Truss resigned earlier today, which was perhaps not all that surprising given the chaos...
The dollar retreated 0.15% as China considered reducing inbound quarantine to 7 from 10 days. The greenback's slide followed Wednesday's 0.75% jump, the sharpest advance in a week, as soaring UK...
The asset that is seeing the highest volatility during this morning’s Asian session, believe it or not, is Netflix (NASDAQ:NFLX) stocks. The price has increased by 14.38% after the company...
GBP/USD is in negative territory today. In the European session, the pound is trading at 1.1261, down 0.48%.Inflation rises to double-digitsUK inflation rose to 10.1% in September, up from 9.9% in...
Cable moved away from two-week highs on Tuesday as the greenback recovered ground across the board. The GBP/USD pair climbed to 1.1439 on Monday, its highest level since October 5, as the government...
The pound has edged lower today, after starting the week with sharp gains. In the North American session, GBP/USD is trading at 1.1334, down 0.18%.Pound Jumps After Hunt Axes Tax CutsThe pound...
Monday was a dramatic day for currency traders, when Britain's new Chancellor of the Exchequer, Jeremy Hunt scrapped much of Prime Minister Liz Truss's earlier fiscal measures, explaining that it is...
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