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GBPUSD Buoyed By Kwarteng Expected To Bring Forward Fiscal Statement

UK
  • GBPUSD has increased ~30pips to 1.1303 by the FT reporting that Chancellor Kwarteng is expected to bring forward the fiscal statement: "Kwarteng is expected to publish his medium-term fiscal plan, accompanied by official forecasts, later this month after previously insisting he would wait more than 50 days until November 23."
  • It was shortly preceded by headlines that two UK cabinet minister say Truss' project may already be over with her likely facing more Tory rebellions having failed to bring the cabinet along on key policy.


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  • GBPUSD has increased ~30pips to 1.1303 by the FT reporting that Chancellor Kwarteng is expected to bring forward the fiscal statement: "Kwarteng is expected to publish his medium-term fiscal plan, accompanied by official forecasts, later this month after previously insisting he would wait more than 50 days until November 23."
  • It was shortly preceded by headlines that two UK cabinet minister say Truss' project may already be over with her likely facing more Tory rebellions having failed to bring the cabinet along on key policy.