Nevertheless, the US Dollar has rallied on safe-haven buying. DXY, an index that measures the greenback vs. a basket of currencies, vaulted 104 the figure on a tear all the way to 105.103, in turn, crushing everything in its way, including GBP, and despite the UK government´s budget.
The measures announced by Chancellor Jeremy Hunt are seen as an effort to support productivity and investment without adding strain on public finances, which would otherwise see GBP should react well. However, the risk-off themes have ignored such positive implications for Sterling so far. The Chancellor says the UK economy is on the right track and the government’s plan for the economy was “working” as he announced what he called a “budget for growth”.
إخلاء المسؤولية: الآراء الواردة هنا تعبر فقط عن رأي الكاتب، ولا تمثل الموقف الرسمي لـ Followme. لا تتحمل Followme مسؤولية دقة أو اكتمال أو موثوقية المعلومات المُقدمة، ولا تتحمل مسؤولية أي إجراءات تُتخذ بناءً على المحتوى، ما لم يُنص على ذلك صراحةً كتابيًا.
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