Forex Top Team

Pound buying reaction, UK Finance Minister Hunt announces withdrawal of various tax cut plans

“The pound market is being bought.” UK Chancellor Hunt has released a statement on the medium-term financial plan. He said he would indefinitely withdraw plans to cut income taxes, cut utility bills until April 2023, and withdraw tax cuts on dividends and VAT for non-resident travelers. He announced that £32bn would be saved following the withdrawal of tax cuts.


I think there is a possibility that the EUR will also be bought in conjunction with this, so I just bought EURCHF.

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