The value of the British pound vs. ASV The dollar rose on Monday as stock prices in the US and Europe rose.
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Britain’s new finance minister, Jeremy Hunt, scrapped most of the economic package the prime ministers have on Monday Liz Tras the government announced just a few weeks ago and, as a result, nearly all tax cut plans have been canceled.
The move cheered markets, where the pound had previously fallen to an all-time low against the US dollar, but rose more than 2% on Monday.
“No government can control the markets, but any government can provide security on the sustainability of public finances,” Hunt said in a televised speech.
“The markets are responding positively to the plans of the new finance minister to cancel nearly all the tax cuts announced by his predecessor,” noted Victoria, Head of Investments at Interactive Investor. School children.
On Monday, the Dow Jones Industrial Average rose 1.9% to 30,185.82 points, the Standard & Poor’s 500 Index rose 2.7% to 3,677.95 points, and the “Nasdaq Composite “increased 3.4% to 10,675.80 points.
London’s FTSE 100 was up 0.9% to 6,920.24 on Monday, that of Frankfurt DAX 30 rose 1.7% to 12,649.03 points, while the Paris Stock Exchange’s CAC 40 index rose 1.8% to 6,040.66 points.
WTI crude oil fell 0.2% to $ 85.46 a barrel in e-commerce on the New York Stock Exchange on Monday. The price of “Brent” crude on the London Stock Exchange fell by less than 0.1% to $ 91.62 a barrel.
EUR against the US dollar on Monday went from $ 0.9722 to $ 0.9840 per euro, the British pound against the US dollar rose from $ 1.1172 to $ 1.1351 per pound, and the US dollar against the Japanese yen is increased from 148.67 to 149.03 yen per dollar. The euro fell against the British pound from 87.02 to 86.66 pence per euro.
