Tag: Truss

Forexlive Americas FX news wrap: UK PM Truss resigns.Fed’s Harker sends yields higher.

The US session started with the UK PM Truss announcing here resignation. The resignation became increasingly expected and ended the shortest term ever for a UK PM. The previous shortest term was George...

Liz Truss reportedly in meeting with 1922 Committee chairman, Sir Graham Brady

Alas, here we go? There have been back and forth reports since the morning as to whether she will have survived the day or if we will have to wait until after 31...

GBP/USD Soars as Truss Hastens Efforts to Regain Credibility

GBP/USD OUTLOOK:The British pound surges, rising more than 2% against the U.S. dollar after the UK government reverses nearly all tax cut plans announced a few weeks agoGBP/USD has recovered most of the...

This wasn't the kind of bond market reaction that Truss was hoping for

<p>You can&apos;t try to please markets. </p><p>30-year UK yields were down to 4.24% earlier today but have since jumped to 4.64%. </p><p>The final round of the BOE&apos;s gilt-purchase program is due up imminently....

Pound Falters on Reports of Kwarteng Dismissal Ahead of Truss Announcement By Investing.com

© Reuters By Geoffrey Smith  Investing.com -- The fell and U.K. government bonds extended their rally on Friday after reports that Prime Minister Liz Truss will fire Kwasi Kwarteng as Chancellor of the...

UK PM Truss to hold press conference at 1300 GMT

<p style="" class="text-align-justify">That&apos;s a big step down on her central message from her campaigning for prime minister. U-turn indeed as the proposed increase in the corporation tax is essentially the same as Rishi...

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