One of the most talked-about currency pairs over the past month is GBP/USD. Markets were apprehensive about where the money would come from to pay Prime Minister Truss's new mini-budget initiative when Chancellor Kwasi Kwantung revealed its objectives. Investors were concerned that the government would soon have to borrow money at considerably higher rates because the Bank of England had been gradually rising interest rates.
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Currency Pair of the Week: GBP/USD

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One of the most talked-about currency pairs over the past month is GBP/USD. Markets were apprehensive about where the money would come from to pay Prime Minister Truss's new mini-budget initiative when Chancellor Kwasi Kwantung revealed its objectives. Investors were concerned that the government would soon have to borrow money at considerably higher rates because the Bank of England had been gradually rising interest rates.

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