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3 Oct 2022

GBP/USD to give up gains despite UK withdraws cut to higher rate tax – BBH

The GBP/USD pair has traded as high as 1.1280 at the start of a new week. But sterling gains from the reversal on the top tax rate are fleet, according to economists at BBH report.

The bulk of the fiscal plan remains intact

“The elimination of the top income tax rate was reversed but we see limited upside as the bulk of the fiscal plan remains intact.”

“With policymaking credibility in tatters, we look for an eventual test of last week’s new all-time low near 1.0350.”

 

Oct 3, 2022

Chile IMACEC registered at 0% above expectations (-1.2%) in August

Chile IMACEC registered at 0% above expectations (-1.2%) in August
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Oct 3, 2022

WTI rises to $83 as OPEC+ reportedly discusses in excess of 1 million bpd

Crude oil prices surged higher during the European trading hours on Monday and the barrel of West Texas Intermediate (WTI) was last seen gaining more
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