GBP has had a big Monday so far, nudging 1.1250

Leading into the weekend UK PM Truss fired former Chancelloer Kwasi Kwarteng, replacing him with Jeremy hunt.

As for policy, the corporation tax will rise to 25% from April next year instead of being held down at 19% (this promise was part of her government's initial "mini-budget" drawn up by the aforementioned firee, Kwarteng).

Then, over the weekend we:

GBP was marked higher in the early hours and has consolidated its gains:

gbp 17 October 2022 chart 11

Top Brokers

Sponsored

General Risk Warning