UK Business Department: Will cap electricity and gas prices for businesses
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UK Business Department announced on Wednesday that said it would cap the cost of electricity and gas for businesses.
Meanwhile, the country’s Finance Minister Kwasi Kwarteng said, “we have stepped in to stop businesses collapsing, protect jobs, and limit inflation.”
GBP/USD has ignored these headlines, as it consolidates the quick slump to fresh 37-year lows of 1.1305, earlier on.
The pair is trading at 1.1342, down 0.32% on the day, as of writing.
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