Tag: British pound
British pound plummets: Truss admits ‘short-term disruptions’
British pound plummets Truss acknowledges “short-term disruptions.” 10/01/2022 2:42 p.m Her plans for massive tax cuts on credit send the national currency plummeting, and rating agencies also lower their thumbs…
Pound weakness and Brexit: “Britain has fallen behind sharply”
Pound weakness and Brexit ‘Britain has fallen sharply behind’ 9/30/2022, 5:03 p.m No sooner had the new British finance minister presented his program than the currency plummeted. In the “Zero…
Buying government bonds: “Risk to UK financial stability” – BoE to intervene
Purchase of government bonds ‘UK financial stability at risk’ – BoE steps in 09/28/2022, 2:10 p.m The new British government’s budget is sending shock waves through the financial markets. The…
Top tax rate dropped altogether: radical budget plan causes pound sterling to plummet
The top tax rate is completely eliminated Radical budget plan sends British pound tumbling By Max Borowski 09/26/2022, 4:29 p.m The British Pound Plunges Dramatically. The trigger is a plan…
New weighting in the currency basket: IMF punishes euro for Chinese yuan
New weighting in the currency basket IMF punishes euro for Chinese yuan 05/15/2022, 11:07 p.m The Chinese yuan is gaining popularity with the International Monetary Fund (IMF). The global financial…