Cable broke sharply down at the start of the week after British finance minister Kwasi Kwarteng’s announced tax cuts on energies. The plan is for households to save some money and to expand the supply side of the economy, but investors seem pessimistic about that, at least for the short-term period. BOE was expected to stabilize the currency by repeating the hawkish look. The pound however somehow stayed sideways,
If you want to see our longer-term look for the pound check our video below in which we will also cover SP500, DAX, US YEILDS, EURUSD and EURUSD.
How inflation is led by the ‘’marginalized’’ Quantity Theory of Money. Check our article HERE