Data 11 November, GBP/USD turun to the lowest level in two and a half months, GBP/EUR turun to the lowest level in six weeks and then stabilized. On Wednesday, the Labour government in the UK announced a budget report that included tax increases and increased borrowing, which caused the pound to turun. Matthew Ryan from Ebury stated in a report that the market is clearly concerned that Labour’s large-scale borrowing plan will increase bond issuance, keeping interest rates at a higher level for a longer period of time, thus pushing up mortgage rates and dragging down the UK economy.
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Institusi: Setelah pengumuman Anggaran musim gugur Inggris, poundsterling jatuh besar dan kemudian stabil
Data 11 November, GBP/USD turun to the lowest level in two and a half months, GBP/EUR turun to the lowest level in six weeks and then stabilized. On Wednesday, the Labour government in the UK announced a budget report that included tax increases and increased borrowing, which caused the pound to turun. Matthew Ryan from Ebury stated in a report that the market is clearly concerned that Labour’s large-scale borrowing plan will increase bond issuance, keeping interest rates at a higher level for a longer period of time, thus pushing up mortgage rates and dragging down the UK economy.