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British Pound (GBP) Price Outlook: GBP/USD May Suffer From UK Tax Hike Plan

GBP PRICE, NEWS AND ANALYSIS: GBP/USD could come under downward pressure after its recent advance as UK Prime Minister Boris Johnson faces a backlash from within his own ruling Conservative Party to plans to increase National Insurance to pay for health and social care. The move would break a Conservative manifesto pledge and bring politics back into play as a factor affecting the Pound, particularly after a report that Johnson plans an October “firebreak” Covid lockdown. How

MongiIG

MongiIG in Market News

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