Britain’s Truss sticks to the political plan, breaking his silence after the market collapses

Truss says he will not change the course of British politics Bond markets calm down after BoE intervention Investors warn against losing faith in the government LONDON, September 29 (Reuters) – British Prime Minister Liz Truss said she would stick to her controversial plan to re-boost economic growth as she broke silence on Thursday after … Read more

The Bank of England is trying to contain the bond market turmoil after the storm with tax cuts

BoE starts buying bonds, delays the sale of zlotys The IMF “does not recommend” policies such as the UK Development Plan Moody’s: the economic plan is “negative for growth” The pound fell 0.7% to $ 1,065 Kwarteng meets bank bosses again LONDON, Sept. 28 (Reuters) – The Bank of England has struggled to contain the … Read more

The pound sterling plummets after the BoE buys bonds, the dollar has peaked in 20 years

NEW YORK / LONDON, Sept. 28 (Reuters) – The pound sterling plunged against the dollar on Wednesday before recouping losses after the Bank of England (BOE) said it would step in to support the government bond market and the dollar index touched a fresh 20 the annual high turnover was unstable. BOE said it would … Read more

Cryptoverse: Bitcoin miners are stuck in the bearish pit

A representation of bitcoin can be seen in the illustrative photo taken at La Maison du Bitcoin in Paris, France, June 23, 2017. REUTERS / Benoit Tessier Sign up now for FREE unlimited access to Reuters.com Register September 27 (Reuters) – Reflect on a besieged bitcoin mine. In late 2021, miners were toasting the city … Read more

The raging dollar holds its breath as the bears prepare stocks

Sign up now for FREE unlimited access to Reuters.com Register HONG KONG, Sept. 27 (Reuters) – Asian markets tried to stabilize on Tuesday after a crazy couple of days during which most assets, except for the dollar, fell as the dollar eased slightly and equities fell. The pound sterling, which fell to a record low … Read more

In China, home buyers seize their ‘rotting’ unfinished properties

GUILIN, China, September 26 (Reuters) – For six months, Ms. Xu’s home was a high-rise room in the southern Chinese city of Guilin, which she bought three years ago, attracted by brochures touting the views of the river and clean air in the city. However, her living conditions are far from what was promised: unpainted … Read more

Sterling collapses when investors run for dollars

Sign up now for FREE unlimited access to Reuters.com Register The pound sterling hits a record low; BOE reaction risk the euro down 1%; Aussie, kiwi, yuan hit their multi-year lows S&P 500 futures down 0.6% SYDNEY, Sept. 26 (Reuters) – The pound sterling dropped to a record low on Monday, sparking speculation about the … Read more

Morning bidding: doom FX loops in Asia

Japanese yen and US dollar banknotes are shown in this picture taken on September 23, 2022. REUTERS / Florence Lo / Ilustracja Sign up now for FREE unlimited access to Reuters.com Register September 26 (Reuters) – Jamie McGeever’s look at the upcoming day in Asian markets Expect an ugly opening in Asian markets on Monday … Read more