Currency Market Report – 1st June 🇬🇧 GBP/USD: Sterling Surges on Soft US Manufacturing Data and Fed’s Decision The GBP/USD pair experienced significant gains on 1st June, as the British pound soared against the US dollar. 📈 Soft US manufacturing data and the Federal Reserve’s decision to hold off on…
Daily Market Recap – Global Equities and US Yields Fall Daily Market Recap Global Equities, US Yields Fall Ahead of Debt Ceiling Vote Market Sentiment and Debt Ceiling Vote Global equities and U.S. Treasury yields experienced a decline as risk-off sentiment dominated the markets. Investors were focused on the much-anticipated…
European stocks and the U.S. dollar fell, after climbing to a two-month high, on Tuesday as relief that the U.S. government had averted a possible default gave way to concern that the deal could face a rocky path through Congress. Longer-dated U.S. Treasuries rallied as traders welcomed the deal to…
Market Update: European Stocks and Dollar Fall Amid Debt Deal Concerns Market Update: European Stocks and Dollar Fall Amid Debt Deal Concerns 📉 European stocks and the U.S. dollar fell on Tuesday, following a two-month high, as relief over the U.S. government averting a possible default gave way to concerns…
On the 24th local time, the results of the British ruling Conservative Party leadership election were released. Former Chancellor of the Exchequer Rishi Sunak, as the only candidate, was automatically elected as the new leader of the British Conservative Party. This will also be the first Asian Prime Minister in…
Rishi Sunak will meet King Charles and address the nation from Downing Street as he becomes prime minister tomorrow morning. Mr Sunak promised to bring “stability” and “unity” to the United Kingdom after being crowned as the new Conservative party leader this afternoon. BBG: Sunak Expected to Keep Hunt, Tap Allies…
Just now, the new Prime Minister of the United Kingdom was announced – former Chancellor of the Exchequer Rishi Sunak, after the retreat of many competitors, successfully entered No. 10 Downing Street and became the first Prime Minister of Indian descent in the United Kingdom. BBC: Sunak becomes UK’s first…
Today (October 24) at 2:00 pm, with only one eligible candidate for Prime Minister remaining in the Conservative Party (requires nominations from 100 MPs), former Chancellor of the Exchequer Rishi Sunak (Rishi Sunak) ) was elected Prime Minister of the United Kingdom.Sunak is the first minority (Indian) prime minister in…
Families who renegotiated their mortgage in the weeks after former chancellor Kwasi Kwarteng’s mini-Budget will be paying an average of over £500 more on monthly bills due to higher interest rates, Labour has said. Interest rates spiked in the wake of the 23 September announcement of £45bn of unfunded tax giveaways going…
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