FTSE

As Ms. Truss announced it would soar against the dollar to $1.13.

Sterling ends the day 0.45% down to US$1.127 as news of Liz Truss’ resignation hits markets

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Markets cheer to the beat of Liz Truss: Sterling ends the day down 0.45% to US$1.127 while FTSE closes up 0.27% rising 18.9 points to 6943.9 The pound was in free fall as the Conservative government of Liz Truss descended into chaos But as she resigned at 1:30 p.m., she reached a relatively healthy position …

Sterling ends the day 0.45% down to US$1.127 as news of Liz Truss’ resignation hits markets Read More »

Markets remain positive after Hunt's tax cancellation

Markets remain positive after Hunt’s tax cancellation

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Jeremy Hunt, who took office last Friday (October 14), issued an emergency declaration today (October 17) saying he would reverse almost all the mini budget measures that have not yet been legislated in parliament. It was a bigger step back than expected from the new Chancellor, undoing everything his predecessor Kwasi Kwarteng had planned less …

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