GBPUSD Soars as the Sunak Era Begins in the UK
GBPUSD soared on Tuesday as the Rishi Sunak era officially began at 10 Downing Street on Tuesday. Sunak is the United Kingdom’s third PM in just two months, and markets will be hoping that the Sunak administration offers a steady hand as Britain faces mounting economic troubles. Markets have embraced the announcement of Rishi Sunak as the leader of the Conservative party, as the Pound continues to strengthen and long-end gilt yields fall. Eyes now shift to the budget proposal due at the end of the month, as well as the upcoming Bank of England meeting on November 3rd. In his first speech as Prime Minister, Sunak ... (full story)
- Comment #1
- Oct 25, 2022 2:33pm Oct 25, 2022 2:33pm
- | IP XX.XXX.94.109
- Comment #2
- Oct 25, 2022 5:05pm Oct 25, 2022 5:05pm
- Joined Oct 2016 | Status: NotAtrader, A Money Machine. | 3545 Comments
- Comment #3
- Oct 25, 2022 6:29pm Oct 25, 2022 6:29pm
- Joined Jan 2012 | Status: Opalescent | 244 Comments
- Older Stories
US consumer confidence fell in October by more than expected to a three-month low as widespread inflation and growing concerns about the economic outlook weighed on Americans. The ...
Japan has reportedly spent billions in propping up the flagging yen. However, unless the nationís inflation-adjusted yields improve, the authorities will find that their efforts ...
Financial markets are convinced that Thursdayís ECB announcement will include another sizeable increase in key interest rates. In line with the last move in September, the only ...
- Newer Stories
The United States is one of the most developed investment markets worldwide, but at the same time, the most tightly regulated. Due to the strict regulations, trading in typical ...
Treasuries rallied on Tuesday after dismal data on home prices, consumer confidence and manufacturing fueled market speculation that the Federal Reserve will soon slow its ...
On October 27, the European Central Bank (ECB) will hold its monetary policy meeting to announce a decision on interest rates. It is largely anticipated by market participants ...