Tag: Tax

British Pound Soars as Truss Cans Tax Cut Plan. Will GBP/USD Extend its Recovery?

BRITISH POUND OUTLOOK:GBP/USD rallies after the UK government scraps expensive and unfunded plan to cut taxesWhile the Prime Minister’s credibility has been damaged, investors welcome the move towards a less irresponsible fiscal stanceThe...

October 3, 2022

Kwarteng Announces Tax Cut U-Turn, GBP Turns Higher

Sterling (GBP) News and AnalysisPound Sterling lifts on UK tax cut reversalGBP/USD attempts to recover recent losses but fundamentals remain weakMajor event risk: Tory party conference, US PMI data and non-farm payrolls (NFP) Recommended...

October 3, 2022

Sterling rebounds on reversal of proposed tax cut, yen weakens By Reuters

2/2 © Reuters. FILE PHOTO: A worker pushing a trolley walks with pedestrians past the Reserve Bank of Australia (RBA) head office in central Sydney, Australia, March 7, 2017. Picture taken March 7, 2017....

October 3, 2022

Dollar Static, Sterling Gains After U.K. Government’s Tax U-Turn By Investing.com

© Reuters. By Peter Nurse Investing.com - The U.S. dollar edged higher in early European trading Monday, while sterling also gained after the U.K. government agreed to water down its plans for unfunded tax...

October 3, 2022

Kwasi Kwarteng – The UK will not go ahead with plan to scrap 45p rate of income tax

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable...

October 3, 2022

GBP traders heads up – UK PM Truss will delay the vote on cutting the 45p rate of tax

The delay is in response to a 'rebellion' amongst the members of her party. more to comeMedia report (Uk Tele, gate) :MPs will not be asked to approve the controversial decision until they...

October 2, 2022

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