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% Sterling rallies Nov rate-hike bets scaled back as Liz Truss quits as PM Mktrep - Rep HEAD TOPICS <h1>Sterling rallies Nov rate-hike bets scaled back as Liz Truss quits as PM</h1>10/21/2022 9:05:00 AM <h2>Sterling rallied as UK Prime Minister Liz Truss announced her resignation Her departure followed a humiliating reversal of almost all of her economic program</h2> <h3>Mktrep Rep</h3> Source <h3> Reuters </h3> Sterling rallied as UK Prime Minister Liz Truss announced her resignation Her departure followed a humiliating reversal of almost all of her economic program Sterling rallied on Thursday and investors reined in their bets on a big Bank of England interest rate hike in November as UK Prime Minister Liz Truss announced her resignation just six weeks after she was appointed. Pressure on the prime minister had been mounting in recent days and a leadership election will be completed within the next week.Register now for FREE unlimited access to Reuters.comRegisterThe pound, which had rallied ahead of Thursday&#39;s news, was last up 0.74% at $1.13060 .
Isabella Johnson Member
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% Sterling rallies Nov rate-hike bets scaled back as Liz Truss quits as PM Mktrep - Rep HEAD TOPICS

Sterling rallies Nov rate-hike bets scaled back as Liz Truss quits as PM

10/21/2022 9:05:00 AM

Sterling rallied as UK Prime Minister Liz Truss announced her resignation Her departure followed a humiliating reversal of almost all of her economic program

Mktrep Rep

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Reuters

Sterling rallied as UK Prime Minister Liz Truss announced her resignation Her departure followed a humiliating reversal of almost all of her economic program Sterling rallied on Thursday and investors reined in their bets on a big Bank of England interest rate hike in November as UK Prime Minister Liz Truss announced her resignation just six weeks after she was appointed. Pressure on the prime minister had been mounting in recent days and a leadership election will be completed within the next week.Register now for FREE unlimited access to Reuters.comRegisterThe pound, which had rallied ahead of Thursday's news, was last up 0.74% at $1.13060 .
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It edged 0.17% higher against the euro to around 86.970 pence, moving off a one-week low touched earlier. &quot;Initially, this is likely to take an uncertainty premium out of the market but it depends who takes over.
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It edged 0.17% higher against the euro to around 86.970 pence, moving off a one-week low touched earlier. "Initially, this is likely to take an uncertainty premium out of the market but it depends who takes over.
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You need a steady hand at the top," said Viraj Patel, global macro strategist at Vanda Research...
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You need a steady hand at the top,&quot; said Viraj Patel, global macro strategist at Vanda Research.CALMER TIMES?Truss&#39; resignation came a day after a second top minister quit and rowing and jostling broke out among her lawmakers in parliament. Read more:<br>Reuters &raquo; British PM Liz Truss quits after turmoil obliterated her authority UK's Truss quits after turmoil obliterated her authority UK's Truss quits after turmoil obliterated her authority British Prime Minister Liz Truss quits after turmoil obliterated her authority <h3>We drank three rounds with the cast of Black Adam </h3> 'Black Adam' stars Dwayne Johnson, Aldis Hodge, Pierce Brosnan, Noah Centineo, and Quintessa Swindell raise a super-powered toast to their new DC film.
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You need a steady hand at the top," said Viraj Patel, global macro strategist at Vanda Research.CALMER TIMES?Truss' resignation came a day after a second top minister quit and rowing and jostling broke out among her lawmakers in parliament. Read more:
Reuters » British PM Liz Truss quits after turmoil obliterated her authority UK's Truss quits after turmoil obliterated her authority UK's Truss quits after turmoil obliterated her authority British Prime Minister Liz Truss quits after turmoil obliterated her authority

We drank three rounds with the cast of Black Adam

'Black Adam' stars Dwayne Johnson, Aldis Hodge, Pierce Brosnan, Noah Centineo, and Quintessa Swindell raise a super-powered toast to their new DC film.
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Read more >> British PM Liz Truss quits after turmoil obliterated her authorityBritish Prime Minister Liz Truss resigned Thursday — bowing to the inevitable after a tumultuous six-week term in which her policies triggered turmoil in financial markets and a rebellion in her party obliterated her authority. UK&#39;s Truss quits after turmoil obliterated her authorityBritish Prime Minister Liz Truss quits after her policies triggered economic turmoil and obliterated her authority.
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Read more >> British PM Liz Truss quits after turmoil obliterated her authorityBritish Prime Minister Liz Truss resigned Thursday — bowing to the inevitable after a tumultuous six-week term in which her policies triggered turmoil in financial markets and a rebellion in her party obliterated her authority. UK's Truss quits after turmoil obliterated her authorityBritish Prime Minister Liz Truss quits after her policies triggered economic turmoil and obliterated her authority.
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Live updates here. UK&#39;s Truss quits after turmoil obliterated her authorityBritish Prime Minister Liz Truss quits after her policies triggered economic turmoil and obliterated her authority.
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Live updates here. UK's Truss quits after turmoil obliterated her authorityBritish Prime Minister Liz Truss quits after her policies triggered economic turmoil and obliterated her authority.
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Get your market update from nickcawley1 here: Truss&#39; economic programme had sent shockwaves ...
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Live updates here. British Prime Minister Liz Truss quits after turmoil obliterated her authorityBritish Prime Minister Liz Truss resigned — bowing to the inevitable after a tumultuous, short-lived term. British Pound (GBP) Breaking News: UK PM Liz Truss ResignsUK Prime Minister Liz Truss has resigned saying that she is unable to deliver on the mandate that she was elected on.
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Live updates here. British Prime Minister Liz Truss quits after turmoil obliterated her authorityBritish Prime Minister Liz Truss resigned — bowing to the inevitable after a tumultuous, short-lived term. British Pound (GBP) Breaking News: UK PM Liz Truss ResignsUK Prime Minister Liz Truss has resigned saying that she is unable to deliver on the mandate that she was elected on.
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Get your market update from nickcawley1 here: Truss&#39; economic programme had sent shockwaves ...
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Get your market update from nickcawley1 here: Truss&amp;#39; economic programme had sent shockwaves through the markets and divided her Conservative Party, contributing to a sharp a selloff in UK assets.Follow Us.By JILL LAWLESS, Associated Press LONDON (AP) — British Prime Minister Liz Truss resigned Thursday — bowing to the inevitable after a tumultuous six-week term in which her policies triggered turmoil in financial markets and a rebellion in her party obliterated her authority.By JILL LAWLESS, Associated Press LONDON (AP) — British Prime Minister Liz Truss resigned Thursday — bowing to the inevitable after a tumultuous six-week term in which her policies triggered turmoil in financial markets and a rebellion in her party obliterated her authority. Pressure on the prime minister had been mounting in recent days and a leadership election will be completed within the next week.
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Get your market update from nickcawley1 here: Truss&#39; economic programme had sent shockwaves through the markets and divided her Conservative Party, contributing to a sharp a selloff in UK assets.Follow Us.By JILL LAWLESS, Associated Press LONDON (AP) — British Prime Minister Liz Truss resigned Thursday — bowing to the inevitable after a tumultuous six-week term in which her policies triggered turmoil in financial markets and a rebellion in her party obliterated her authority.By JILL LAWLESS, Associated Press LONDON (AP) — British Prime Minister Liz Truss resigned Thursday — bowing to the inevitable after a tumultuous six-week term in which her policies triggered turmoil in financial markets and a rebellion in her party obliterated her authority. Pressure on the prime minister had been mounting in recent days and a leadership election will be completed within the next week.
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Register now for FREE unlimited access to Reuters.com Register The pound, which had rallied ahead of...
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The plan unveiled by the government last month triggered financial turmoil and a political crisis th...
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Register now for FREE unlimited access to Reuters.com Register The pound, which had rallied ahead of Thursday&amp;#39;s news, was last up 0.” But Truss couldn&#39;t hold on any longer after a senior minister quit her government with a barrage of criticism and a vote in the House of Commons descended into chaos and acrimony just days after she was forced to abandon many of her economic policies.74% at $1.13060 . People are also reading… A growing number of lawmakers had called for Truss to resign after weeks of turmoil sparked by her economic plan. It edged 0.
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Register now for FREE unlimited access to Reuters.com Register The pound, which had rallied ahead of Thursday&#39;s news, was last up 0.” But Truss couldn't hold on any longer after a senior minister quit her government with a barrage of criticism and a vote in the House of Commons descended into chaos and acrimony just days after she was forced to abandon many of her economic policies.74% at $1.13060 . People are also reading… A growing number of lawmakers had called for Truss to resign after weeks of turmoil sparked by her economic plan. It edged 0.
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The plan unveiled by the government last month triggered financial turmoil and a political crisis that has seen the replacement of Truss’ Treasury chief, multiple policy U-turns and a breakdown of discipline in the governing Conservative Party.17% higher against the euro to around 86.970 pence, moving off a one-week low touched earlier. &amp;quot;Initially, this is likely to take an uncertainty premium out of the market but it depends who takes over.
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The plan unveiled by the government last month triggered financial turmoil and a political crisis that has seen the replacement of Truss’ Treasury chief, multiple policy U-turns and a breakdown of discipline in the governing Conservative Party.17% higher against the euro to around 86.970 pence, moving off a one-week low touched earlier. &quot;Initially, this is likely to take an uncertainty premium out of the market but it depends who takes over.
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It’s all sort of hand-to-hand fighting on a day-to-day basis,” he told the BBC on Thursday. You ...
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CALMER TIMES? Truss&#39; resignation came a day after a second top minister quit and rowing and ...
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It’s all sort of hand-to-hand fighting on a day-to-day basis,” he told the BBC on Thursday. You need a steady hand at the top,&amp;quot; said Viraj Patel, global macro strategist at Vanda Research. He said Truss had “about 12 hours” to turn the situation around.
Joseph Kim Member
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It’s all sort of hand-to-hand fighting on a day-to-day basis,” he told the BBC on Thursday. You need a steady hand at the top,&quot; said Viraj Patel, global macro strategist at Vanda Research. He said Truss had “about 12 hours” to turn the situation around.
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CALMER TIMES? Truss&amp;#39; resignation came a day after a second top minister quit and rowing and jostling broke out among her lawmakers in parliament.
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CALMER TIMES? Truss&#39; resignation came a day after a second top minister quit and rowing and jostling broke out among her lawmakers in parliament.
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Her premiership has witnessed a bond market rout and a U-turn on almost all of her fiscal policy programme. Brady was tasked with assessing whether the prime minister still has the support of Tory members of Parliament — and it seemed she did not.
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access_time 12 minutes ago
Her premiership has witnessed a bond market rout and a U-turn on almost all of her fiscal policy programme. Brady was tasked with assessing whether the prime minister still has the support of Tory members of Parliament — and it seemed she did not.
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Wednesday saw Truss lose her interior minister, less than a week after she fired her finance ministe...
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Wednesday saw Truss lose her interior minister, less than a week after she fired her finance minister. British pound coins are seen in front of displayed stock graph in this illustration taken, November 9, 2021. REUTERS/Dado Ruvic/Illustration But a semblance of calm has surfaced in markets and Britain&amp;#39;s five-year credit default swaps (CDS) - instruments used to hedge against a default - eased on Thursday to 38 basis points (bps) after closing at 40 bps on Wednesday, data from S&amp;amp;P Global Market Intelligence showed.
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Wednesday saw Truss lose her interior minister, less than a week after she fired her finance minister. British pound coins are seen in front of displayed stock graph in this illustration taken, November 9, 2021. REUTERS/Dado Ruvic/Illustration But a semblance of calm has surfaced in markets and Britain&#39;s five-year credit default swaps (CDS) - instruments used to hedge against a default - eased on Thursday to 38 basis points (bps) after closing at 40 bps on Wednesday, data from S&amp;P Global Market Intelligence showed.
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Be the first to know Get local news delivered to your inbox!. UK CDS had been indicated as high as 47 bps in late September.
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Be the first to know Get local news delivered to your inbox!. UK CDS had been indicated as high as 47 bps in late September.
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Rating agencies S&amp;amp;P and Moody&amp;#39;s review UK sovereign ratings on Friday. Britain&amp;#39;s mid cap share index .
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Rating agencies S&amp;P and Moody&#39;s review UK sovereign ratings on Friday. Britain&#39;s mid cap share index .
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