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  • British pound plunges below $1.11 after new government announces tax cuts

    From cnbc.com

    The embattled British pound fell more than 2% against the dollar Friday, after the new U.K. government announced a radical economic plan in a bid to boost growth. Sterling dipped as low as $1.1029 at 12:20 p.m. London time, a couple of hours after the measures were unveiled in the House of Commons. The pound has been on a precipitous fall against the greenback this year, hitting levels this month not seen since 1985. Friday’s measures were billed by the government as heralding a new era for the U.K. focused on growth, and included a mix of tax cuts and investment incentives for businesses. The Bank of England said ... (full story)

C'mon, BOE........INTERVENE!!!
Lost....
Bye Bye GBP.
Quoting frontier
Bye Bye GBP.
WHY?
US destroying fiat currencies and for now only japan intervened!How long this gonna last?
Time to cut the tax burden on the productive people all around the globe. Socialist imbeciles need to stand back and let the productive people do what needs to be done. The freeloading moocher class needs to start earning their own keep instead of being a burden on their fellow citizens. Revolutions have started from inept politicians and their over taxation!
Stupid dont know what they doing, rise rate, cut tax wtf
Quoting HogTrader
Time to cut the tax burden on the productive people all around the globe. Socialist imbeciles need to stand back and let the productive people do what needs to be done. The freeloading moocher class needs to start earning their own keep instead of being a burden on their fellow citizens. Revolutions have started from inept politicians and their over taxation!
Revolution more likely when hard-working people need to EAT and keep warm.
The last recent time I witnessed such plunge was the morning of brexit referendum result.

Hooray, trussonomics - the multi-generations tax slave master!!!!
Quoting UnBearybull
{quote} Revolution more likely when hard-working people need to EAT and keep warm.
Might need to change our national anthem too - with reference and correlation to the French anthem!!!
Quoting HogTrader
Time to cut the tax burden on the productive people all around the globe. Socialist imbeciles need to stand back and let the productive people do what needs to be done. The freeloading moocher class needs to start earning their own keep instead of being a burden on their fellow citizens. Revolutions have started from inept politicians and their over taxation!
Comedy right here.
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  • Posted: Sep 23, 2022 8:35am
  • Submitted by:
     Newsstand
    Category: Fundamental Analysis
    Comments: 10  /  Views: 3,853