Pound plunges to record low as Kwarteng signals more tax cuts
The bulk of the currency’s slide on Monday took place in a frantic 20-minute selloff, evoking cries of a flash crash by traders.
Source: moneyweb.co.za
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Pound plunges to all-time low against dollar
The pound has slumped to an all-time low against the dollar after Chancellor Kwasi Kwarteng hinted at more tax cuts to come after after last week’s Budget.
Source: telegraph.co.uk
Pound crashes to all-time low with UK markets 'under siege'
It was sterling's biggest intraday decline since March 2020
Source: gulfnews.com
Australian dollar tipped to fall further
A more aggressive US Federal Reserve has pushed some economists and currency strategists to revise their outlook for the Australian dollar lower, in a potential blow to consumers already battling rapidly rising prices.
Source: afr.com
rate increases: Dollar forecasts tumble, Barrenjoey predicts recession
A “relatively short and shallow” recession is now assumed by Barrenjoey, as strategists take the knife to Australian dollar forecasts following the latest Fed rate rise.
Source: afr.com