The pound recovers from the fall caused by fiscal concerns.

On July 3, Jin10 reported that the British pound rebounded after falling on Wednesday, when Prime Minister Starmer seemed not to confirm in Parliament that Chancellor Reeves would remain in office. However, a spokesperson for the Prime Minister later stated that Reeves had Starmer's full support. The Labour government was forced to make significant concessions on welfare reform. Analyst Nikos Chabralas from Tradu.com said in a report that the prospect of further tax increases or increased borrowing could disrupt the market. This loss of confidence could bring "trouble" to the pound.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)