Liz Truss, the front runner to become Britain's next prime minister, wants to examine the roles of the country's three financial regulators as part of a review, a source close to her leadership campaign said on Thursday. Provided she wins the contest, Truss is expected to examine the role of the Financial Conduct Authority (FCA), the Bank of England's Prudential Regulation Authority (PRA), and the Payment Systems Regulator (PSR). The FCA declined to comment while the PRA and PSR were not immediately available for comment.
"The bigger picture for the dollar is that it's in a strong uptrend," said Matt Simpson, a senior analyst at brokerage City Index in Brisbane, adding it has now paused a weeks-long pullback "In some ways, bulls are looking to step back in and I think the Fed minutes gave them a reason to do so." Fed officials saw "little evidence" late last month that U.S. inflation pressures were easing, minutes released on Wednesday showed. Traders see about a 40% chance of a third consecutive 75 basis point Fed rate hike in September, and expect rates to hit a peak around 3.7% by March, and to hover around there until later in 2023.
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Thru | Total | Purse | ||
---|---|---|---|---|
F | -20 | $225,000 | ||
F | -15 | $142,776 | ||
F | -14 | $103,574 | ||
F | -13 | $65,792 | ||
F | -13 | $65,792 | ||
F | -13 | $65,792 | ||
F | -12 | $44,166 | ||
F | -11 | $36,740 | ||
F | -11 | $36,740 | ||
F | -10 | $31,658 |