U.K. bond yields continued to drop on Friday, on expectations the U.K. government will further backtrack on its tax cut plans and that U.K. Prime Minister Liz Truss will fire Read more
Tag: TaxCut
British pound hits record low, then pares losses, as investors react to tax-cut plan
The British pound hit new lows of $1.0349 against the U.S. dollar in the early hours of Monday but has pared losses, after the U.K government revealed the largest tax Read more
British pound hits record low, then pares losses, as investors react to tax-cut plan
The British pound hit new lows of $1.0349 against the U.S. dollar in the early hours of Monday but has pared losses, after the U.K government revealed the largest tax Read more
Pound Hits Record Low as Selling Continues After U.K. Tax-Cut Plan
By Kosaku Narioka The British pound fell to a record low against the dollar in early Asian trade on Monday as selling continued after the U.K. government on Friday unveiled Read more