The topic of tax cuts in the UK has been generating a lot of excitement lately. Prime Minister Truss confirmed today that she wants a tax cut is still possible. The medium-term fiscal plan is expected to be presented at the end of the month
As for the reaction on the British pound, this one started to lose after Truss' comments. Looking at the M15 interval, GBPUSD quotes are just testing the trendline support. If a break lower were to occur, it is worth paying attention to the zone at 1.1165. On the other hand, if it is defeated, the discount could take a turn for the worse.
Start investing today or test a free demo
Create account Try a demo Download mobile app Download mobile app
Source: xStation5
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
