FX.co ★ Britain surprises the markets again: radical news from the new Treasury Jeremy Hunt

GBPUSD daily

On Monday, the new UK Treasury Hunt presented a radically revised cabinet financial plan.

The plan significantly reduces Liz Truss's previous cabinet and in particular significantly cuts the previously announced £100bn in energy subsidies to consumers.

The pound is growing on the news, and confidence in British government bonds is also growing.

For the pound, the euro is growing against the dollar - next week, on October 27, the European Central Bank meeting and the market is waiting for a new increase in the ECB rate.