Dollar steadies ahead of payrolls; German retail sales rise
- The U.S. dollar traded in tight ranges Thursday, as traders digested some mixed economic data ahead of the widely-watched payrolls report which closes out the...
- The U.S. dollar traded in tight ranges Thursday, as traders digested some mixed economic data ahead of the widely-watched payrolls report which closes out the...
The pound's struggles are being compounded by a strong dollar.
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By Laura Matthews NEW YORK (Reuters) -The dollar softened against other major currencies on Wednesday, after stronger-than-expected U.S. data and a UK budget release set off...
The budget brought £40bn of tax-hikes, including bad news for investors and those planning to leave a legacy, but there was relief on income tax and fuel duty.
The slew of policy announcements due from chancellor Rachel Reeves will set the tone for markets in London today.
As the dust settles on Rachel Reeves' autumn budget, what does it mean for your pension?
U.K. bond markets went on a rollercoaster ride after the government unveiled plans to raise taxes and borrow billions to fund investment. Bond prices initially rallied as Rachel Reeves, the U.K.'s finance minister, announced the budget plans. Partly because of the extra inflation that borrowing might cause, the OBR expects that the Bank of England will keep interest rates higher than it would have done without the budget.
Gilt prices have fallen in recent weeks, propping up yields on the 10-year to its highest point since June — at 4.32%.
Chancellor Rachel Reeves also announced changes to inheritance tax and stamp duty.