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GBP/USD Outlook: UK Government Retreats on Proposed Tax Cuts

Started by forex4you, Oct 04, 2022, 10:23 am

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Oct 04, 2022, 10:23 am
GBP/USD Outlook: UK Government Retreats on Proposed Tax Cuts

The UK government has abandoned plans to reduce the highest income tax rate. The BoE was forced to buy bonds after investors lost trust in the British government. BoE’s intervention has seen the pond recovering most of its losses. Today’s GBP/USD outlook is bullish. On Monday, the administration of British Prime Minister Liz Truss was … Continued


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