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UK’s Hunt: Focus is on delivering wider economic stability and driving long-term growth

The UK Finance Minister Jeremy Hunt said after the inflation data release on Wednesday, “this government will prioritize help for the most vulnerable while delivering wider economic stability and driving long-term growth that will help everyone.”

Separately the country’s Foreign Minister James Cleverly said that “another leadership contest would not help financial markets stay calm.”

“Don't think it's a good idea to focus on Conservative Party internal frustrations,” Cleverly added.

GBP/JPY drops sharply below 169.00 as UK CPI lands higher at 10.1%

The GBP/JPY pair has declined to near 168.54 as the UK Office for National Statistics has reported the headline Consumer Price Index (CPI) at 10.1%, h
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Gold Price Forecast: XAU/USD to test YTD lows at $1,615 on a break below $1,640 support zone

Gold price is seen in the red for the first time this week. In the view of FXStreet’s Dhwani Mehta, the yellow metal could extend its slide towards th
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