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The Pound rallied significantly early in the new week following the "mother of all u-turns" on the government's September spending plans that has prompted a rally by Sterling while eliciting a range of responses from analysts and economists, some of which are reproduced below.
October 18,2022
The British Pound extended gains on Monday after the UK government ripped up its plans to cut taxes and said its energy bill support programme would now end in April.
October 17,2022
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The British Pound was firm on Monday as markets gave their initial verdict of the new Chancellor, Jeremy Hunt.
October 17,2022
Owing to "current market issues" Prime Minister Liz Truss has announced the government would no longer cancel 2023's corporation tax hike.
October 14,2022
GBP surges on mini-budget u-turn rumours, corporation taxes could rise says report.
October 14,2022
Pound Sterling built further on strong gains against all comparable currencies on Thursday amid media speculation suggesting that Prime Minster Liz Truzz may be on the cusp of demonstrating the pragmatism that she is reportedly renowned for in relation to September's budget-like spending proposals.
October 13,2022
The British Pound is expected to remain under pressure as markets factor in the scale of the looming economic recession, which analysts say will now hit middle-income households more than poorer households.
October 14,2022
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