EUR/GBP above 0.8852, a 2.5 year high as UK ditches income tax rate hike plans
Read full post at forexlive.com
EUR/GBP to a 2.5 year high.
The news from earlier:
- UK PM Starmer and fin min Reeves drop plan to hike income tax rates
- GBP is taking a hit after the report that Starmer is going to drop plan to hike tax rates
- More on UK drops income-tax hike plans ahead of November budget
Memories of the Russ tantrum are not so old for traders of the UK. Fiscal wobbles like this get a response.
This article was written by Eamonn Sheridan at investinglive.com.
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