British Prime Minister Liz Truss stated on Wednesday that they are going to be introducing low-tax funding zones throughout the UK, as reported by Reuters. “Alongside the tax assertion that the Chancellor (finance minister) will lay out, he’ll additionally lay out a collection of supply-side reforms to make our economic system extra productive over the long-term, in areas like monetary providers,” Truss added.
Relating to a possible commerce settlement with the US, Truss reiterated that they’re open to negotiating a commerce deal when the US is prepared to take action.
Following these feedback, the British pound stays below bearish stress. As of writing, the GBP/USD pair was buying and selling at 1.1330, the place it was down 0.45% each day.