After a shift in the UK's economic policy and the appointment of a new Exchequer Chancellor in the UK, the British pound climbed against the US dollar and the Euro yesterday.
From Forex to Indices and Stocks, last September was eventful. As inflation, a possible recession, and general economic turmoil continued to reign over the global economy, many market sectors suffered while others rose. Read about September’s market recap.
The Bank of England moved yesterday to buy government bonds in order to stem a market rout. In response, major Indices rallied on Wednesday.
The S&P 500 continued to decline yesterday, marking its longest losing streak since early 2020. These drops could be related to the Fed’s continued interest rate hikes.
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