Pound rockets as UK rips up budget, US stocks gain

  • 📰 eNCA
  • ⏱ Reading Time:
  • 11 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 51%

Brasil Notícia Notícia

Brasil Últimas Notícias,Brasil Manchetes

The pound surged against the dollar as Britain's fourth finance minister in as many months sensationally ripped up a tax-cutting budget that had spooked markets.

Chancellor of the Exchequer Jeremy Hunt axed almost all of the debt-fueled tax cuts unveiled last month by the new government of Prime Minister Liz Truss, reassuring markets that had tanked and pushing the pound to an all-time low against the dollar.

"No government can control markets but every government can give certainty about the sustainability of public finances," Hunt said in a televised address that demolished the maligned budget.

 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.
Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

 /  🏆 49. in BR

Brasil Últimas Notícias, Brasil Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

Business Maverick: Stocks push higher after UK reversal, S&P rally: markets wrapStocks in Asia rebounded after the S&P 500 closed above a key technical level and the UK reversed more of its unfunded tax cuts, bolstering global market sentiment.
Fonte: dailymaverick - 🏆 3. / 84 Consulte Mais informação »

MARKET WRAP: JSE firms as UK’s new economic plan boosts investor sentimentUS earnings season is set to gain momentum this week with investors watching for clues on how the Federal Reserve’s aggressive interest-rate hikes have affected company profits
Fonte: BDliveSA - 🏆 12. / 63 Consulte Mais informação »

Asia stocks up after UK fiscal U-turnInvestor sentiment brightens after new British finance minister changes course
Fonte: BDliveSA - 🏆 12. / 63 Consulte Mais informação »