EUR/USD
1.16414
0.066%
Gold
4114.78
-1.355%
Oil
59.445
1.536%
USD/JPY
154.010
-0.331%
GBP/USD
1.31694
-0.165%
GBP/JPY
202.828
-0.474%
Real-time News
On November 14th, a Financial Times report that the Labour government had abandoned its plan to raise income taxes sparked concerns about Chancellor Reeves lack of ability to make the bold decisions needed to fix public finances. Dan Coatsworth, an analyst at AJ Bell, said in a report that, in theory, the bond market should expect bold decisions from the government, rather than piecemeal fixes, and for a time it seemed likely, but the latest reports of policy rethinking suggest otherwise. Following the reports release, UK bond yields rose while the pound fell.On November 14th, Caxton analyst David Stritch stated in a report that the UK government is likely to increase corporate taxes rather than personal taxes in its budget address on November 26th. This comes after a Financial Times report that Chancellor Reeves no longer plans to raise income taxes. The impending tax increase may now shift from individuals to businesses, potentially worsening unemployment and further weakening economic growth.On November 14, the military and political authorities of Kyiv, Ukraine, reported that the death toll from an attack by Russian forces in Kyiv had risen to six, with 35 others injured. Earlier that day, Ukrainian President Volodymyr Zelenskyy posted on his official social media platform that Russian forces had attacked Ukraine using approximately 430 drones and 18 missiles.Jaguar Land Rover executive: It is necessary to maintain the resilience of the supply chain, which may require maintaining higher inventory levels.According to Japans Kyodo News, the Japanese governments additional budget for fiscal year 2025 will exceed the 13.9 trillion yen of the previous fiscal year.
