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GBP/USD remains subdued as Truss becomes UK’s Next PM

From forex.com

So, Liz Truss will become the new UK prime minister on Tuesday after defeating Rishi Sunak in the Tory leadership contest today. The result was closer than many people had expected, with Truss taking 57% of votes cast. The markets hardly reacted to the news, not least because the outcome was expected. While we now know who the new PM will be, the economy will still face significant challenges with several quarters of negative growth upon us amid the energy crisis and soaring inflation. Will the market put its trust on Truss to deliver the goods the economy badly needs? Truss pledged to deliver a "bold plan" to tackle ... (full story)

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  • Category: Fundamental Analysis