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UK’s Reeves: Britain's economy is not broken

UK Finance Minister Rachel Reeves said on Wednesday that “Britain's economy is not broken.”

Additional quotes

We need to bring inflation and borrowing costs down.

We will do that by keeping a tight grip on day-to-day spending and enforcing fiscal rules.

Fiscal rules are non-negotiable.

USD: Dollar rally may be unwound – ING

Yesterday’s dollar rally lacked a clear catalyst beyond the selloff in global long-dated bonds – including the high-profile UK gilts. Rising debt concerns outside the US may have triggered some unwinding of abundant USD longs.
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USD/CHF hovers around 0.8050 as traders adopt caution ahead of Fed Beige Book

USD/CHF struggles after two days of gains, trading around 0.8040 during the European hours on Wednesday. The pair receives downward pressure as the US Dollar (USD) faces challenges amid rising odds of the US Federal Reserve (Fed) delivering interest rate cut in September.
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