Business · 1 hour ago
Pound holds steady as chancellor's new budget leaves markets largely unaffected
Photo by Colin Watts on Unsplash
The currency stayed flat against the dollar on Thursday, remaining the strongest major currency this month following John Healey's spending announcements. The chancellor outlined plans on Wednesday to increase taxes on banks, gambling, and landlords, while offering some help with energy bills. Financial experts say the cautious budget hasn't changed their expectations that the Bank of England will raise interest rates next week.
Reported by Reuters · How we write briefs