fbpx

PU Prime App

Exclusive deals on mobile

  • Market Insights  >  Weekly Outlook

17 October 2022,02:43

Weekly Outlook

More U-turns Foreseen From Bank of England

17 October 2022, 02:43

Share on:
FacebookLinkedInTwitterShare
Share on:
FacebookLinkedInTwitterShare

UK Chancellor of the Exchequer Kwasi Kwarteng made an unprecedentedly dramatic early exit from an International Monetary Fund event in Washington on Friday, with many thinking it was to return to the UK to prepare his fiscal plan. Turns out, Kwarteng was being asked to leave his post by UK Prime Minister Liz Truss, who has replaced him with Jeremy Hunt. Markets are anticipating more U-turns from the Bank of England’s (BoE) mini-budget on 23 September, when the UK announced $48 billion in widely-criticised unfunded tax cuts. Kawrteng’s actions sent the pound surging to a week’s high. The UK government has come under pressure as the BoE struggles for financial stability in the country. 

Tether Replaces All Paper Holdings with Treasuries

Stablecoin Tether has announced that it has replaced all its holdings of commercial paper, or unidentified, unsecured corporate notes with US Treasury notes amounting to roughly US$3.5 billion. At its last announcement on September 30, Treasury bills came in at 58.1% of its holdings, although Tether did not announce what its latest move puts that number at. 

Elon Musk Tweets that SpaceX will Continue to Fund Starlink in Ukraine

SpaceX and Tesla founder Elon Musk has tweeted that his company will continue funding Starlink satellite internet terminals for the Ukrainian. Musk’s satellite internet has been instrumental in keeping Ukrainian forces online as the invading Russian army destroys an increasing amount of communications infrastructure. It is not clear whether Musk’s exact tweet, which read “even though Starlink is still losing money & other companies are getting billions of taxpayer $, we’ll just keep funding Ukraine govt for free”, was sarcastic or serious. 

把握优势,开始交易

以行业低点差和闪电般的执行速度交易外汇、指数、贵金属等。

  • 在我们的Standard账户上以最低50美元的入金金额开始交易。
  • 获得全天候支持。
  • 获取数百种交易工具、免费教学器材和最佳的优惠活动。
立即加入

Latest Posts

简单快速的
开设账户

开设真实账户
  • 1

    即刻申请

    通过无障碍程序注册

    PU Prime

    真实账户

  • 2

    轻松入金

    通过多种渠道及可接受的货币轻松地为您的账户入金

  • 3

    开始交易

    在市场领先的交易条件下,交易数百种产品