Monday, 3 October 2022

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

Sterling rose on Monday as the market cautiously welcomed the UK government's decision to scrap a tax cut plan that would have weakened the country's fiscal accounts.

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ECB Leaves Rates Unchanged, Rate Cut Looms, EUR/USD Steady Ahead of Press Conference

The European Central Bank left all three official rates unchanged as expected. Traders are now focusing on the press conference for any clue...