Sterling Slides on Budget Fallout; US Stocks Tumble Ahead of NFP

Sterling has faced significant selling pressure as markets reacted negatively to the Labour government’s budget announcement. Some analysts draw comparisons to the free fall following former Prime Minister Liz Truss’s mini-budget two years ago. Yet, the current selloff is notably milder. The focus now is on whether Sterling can stabilize in the coming days or […] The post Sterling Slides on Budget Fallout; US Stocks Tumble Ahead of NFP appeared first on Action Forex.

Nov 4, 2024 - 01:42
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Sterling Slides on Budget Fallout; US Stocks Tumble Ahead of NFP

Sterling has faced significant selling pressure as markets reacted negatively to the Labour government’s budget announcement. Some analysts draw comparisons to the free fall following former Prime Minister Liz Truss’s mini-budget two years ago. Yet, the current selloff is notably milder. The focus now is on whether Sterling can stabilize in the coming days or […]

The post Sterling Slides on Budget Fallout; US Stocks Tumble Ahead of NFP appeared first on Action Forex.

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