{"id":1231310,"date":"2022-10-22T01:24:13","date_gmt":"2022-10-22T01:24:13","guid":{"rendered":"https:\/\/www.ghanamma.com\/2022\/10\/22\/pound-begins-to-rise-against-the-dollar-following-liz-trusss-resignation-economy\/"},"modified":"2022-10-22T01:24:13","modified_gmt":"2022-10-22T01:24:13","slug":"pound-begins-to-rise-against-the-dollar-following-liz-trusss-resignation-economy","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2022\/10\/22\/pound-begins-to-rise-against-the-dollar-following-liz-trusss-resignation-economy\/","title":{"rendered":"Pound Begins To Rise Against The Dollar Following Liz Truss&#8217;s Resignation | Economy"},"content":{"rendered":"<p><\/p>\n<div>\n<p>Liz Truss&#8217;s resignation at Prime Minister has seen the pound rally as her departure revitalised the markets.<\/p>\n<p>It came after a chorus of politicians clambered to urge the embattled PM to go.<\/p>\n<p>As Mrs Truss announced she was going the pound rocketed against the dollar to hit $1.13.<\/p>\n<p>Earlier it had begun to climb as MPs made it clear they wanted her to step down.\u00a0<\/p>\n<p>Yields on gilts &#8211; UK government bonds &#8211; also eased slightly in response to her decision.<\/p>\n<p>UK 30-year gilt yields, which fall as price improve, fell back by 0.44% to 3.86% on Thursday.<\/p>\n<p>Yields had dropped even further shortly before the Prime Minister&#8217;s statement at 1.30pm but sprang back slightly.<\/p>\n<p>Last night the\u00a0FTSE\u00a0100 had slipped into the red as the UK&#8217;s\u00a0inflation\u00a0rate hit another 40-year high in September.<\/p>\n<p>London&#8217;s top index lost grip of the gains made earlier in the week as enthusiasm waned in the aftermath of Chancellor Jeremy Hunt&#8217;s fiscal policy U-turns.<\/p>\n<h3><strong\/><\/h3>\n<p><span class=\"peace_home_topstory\"><br \/>\n<span style=\"color: rgb(17, 97, 142); font-weight: bold;\"><br \/>\nRead Full Story &#8230;.<br \/>\ndailymail >>><br \/>\n<\/span> : \u00a0\u00a0<br \/>\n<\/span><\/p>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<table width=\"100%\" border=\"0\" cellpadding=\"0\" cellspacing=\"0\" style=\"clear:both\">\n<tr>\n<td><span class=\"peace_red_text_1\">Disclaimer<\/span>: <span class=\"peace_ash_text_1\">Opinions expressed here are those of the writers and do not reflect those of Peacefmonline.com. Peacefmonline.com accepts no responsibility legal or otherwise for their accuracy of content. Please report any inappropriate content to us, and we will evaluate it as a matter of priority.<\/span><\/td>\n<\/tr>\n<\/table>\n<p>Featured Video\n<\/p>\n<p><div class=\"youtube-embed\" data-video_id=\"wB2-NHndouE\"><iframe loading=\"lazy\" title=\"Our Fight Against Sim Card Registration Is Unending- Hon. Ras Mubarak Cautions Gov&#039;t\" width=\"696\" height=\"392\" src=\"https:\/\/www.youtube.com\/embed\/wB2-NHndouE?feature=oembed&#038;enablejsapi=1\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen><\/iframe><\/div>\n<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Liz Truss&#8217;s resignation at Prime Minister has seen the pound rally as her departure revitalised the markets. It came after a chorus of politicians clambered to urge the embattled PM to go. As Mrs Truss announced she was going the pound rocketed against the dollar to hit $1.13. Earlier it had begun to climb as [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1231312,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[72],"tags":[716,4219,1963,26581,10109,18168,598,27818],"class_list":["post-1231310","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-begins","tag-dollar","tag-economy","tag-liz","tag-pound","tag-resignation","tag-rise","tag-trusss"],"_links":{"self":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1231310","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/comments?post=1231310"}],"version-history":[{"count":0,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1231310\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/media?parent=1231310"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/categories?post=1231310"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/tags?post=1231310"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}