GBP (British Pound)

[winston]

Pound crashes to all-time low with UK markets ‘under siege’

The pound’s tumble to as low as US$1.0350 (RM4.78) – fuelled by Kwarteng’s comment on Sunday that there’s “more to come” on tax cuts – has sparked calls for aggressive rate hikes from the Bank of England (BoE),

An “inter-meeting hike is incoming,” with traders already pricing in a 100-basis-point increase by the central bank in November.

Source: Bloomberg

https://www.thestar.com.my/business/bus ... nder-siege

[behappyalways]

King Charles featured on UK coins for the first time
https://m.youtube.com/watch?v=WL0ydWVwu9Q

[behappyalways]

Cable Slides As Core UK Inflation Unexpectedly Soars To 31 Year High
https://www.zerohedge.com/markets/cable ... -year-high

[behappyalways]

The new British banknotes are unveiled for the first time.
The plastic coins with the King's portrait are super durable.
Mobile payment replaces physical banknotes.
The new banknotes bring a new look to the royal family.

英國新鈔首度亮相 國王肖像塑幣超耐用 行動支付取代實體鈔 新鈔為王室帶來新氣象│【國際大現場】20240410│三立新聞台

https://m.youtube.com/watch?v=foUS7w77jLk

[behappyalways]

Pound Surges To 30-Month-High After Bank Of England Holds Rates Steady
https://www.zerohedge.com/markets/pound ... tes-steady

[behappyalways]

'Great British Peso' Plummets To 13-Month-Low As Investors Lose Faith In The UK
https://www.zerohedge.com/markets/great ... e-faith-uk

[behappyalways]

Pound Tumbles After Bank of England Cuts Rates While Warning Of Mounting Stagflation; Two Officials Vote For Bigger Cut
https://www.zerohedge.com/markets/pound ... lation-two