简体中文
繁體中文
English
Pусский
日本語
ภาษาไทย
Tiếng Việt
Bahasa Indonesia
Español
हिन्दी
Filippiiniläinen
Français
Deutsch
Português
Türkçe
한국어
العربية
Abstract:The pound briefly jumped on Monday on news Britain would reverse plans to cut the highest rate of income tax, one contentious part of a package of financial measures that last month sent sterling and British government bonds tumbling.
The pound briefly jumped on Monday on news Britain would reverse plans to cut the highest rate of income tax, one contentious part of a package of financial measures that last month sent sterling and British government bonds tumbling.
“It is clear that the abolition of the 45p tax rate has become a distraction from our overriding mission to tackle the challenges facing our country,” finance minister Kwasi Kwarteng said in a statement.
The pound rose as high as $1.128 after news of the U-turn was reported by the BBC, the currencys highest level since Sept. 22, the day before Kwarteng announced a new “growth plan” that would cut taxes and regulation, funded by vast government borrowing.
Sterling then gave up most of those gains and was last at $1.1177 up 0.1%.
The euro was down 0.27% against the pound at 87.61 pence.
“From a markets perspective, it is a good step in the right direction. It will take time for markets to buy the message but it should be ease the pressure, ” said Jan von Gerich, chief analyst, Nordea
“Questions still remain and sterling will likely remain under pressure,” he added.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
AETOS is an Australia-based broker. All over the internet, you will find positive reviews about this broker, but no one is talking about the risks involved with AETOS. However, we have exposed the hidden risks associated with AETOS
Have you received calls from Quotex executives claiming to offer you returns of over 50% per month? Do you face both deposit and withdrawal issues at this company? Or have you faced a complete scam trading with this forex broker? You're not alone. Here is the exposure story.
If a reputable regulator issues a warning about unlicensed brokers, it's important to take it seriously — whether you're a trader or an investor. Here is a list you can check out- be cautious and avoid getting involved with these scam brokers.
Gaining and losing on forex trades is normal, but not scams that siphon out millions in no time! In this article, we will reveal forex scam tactics. Read on!