In a statement, the now-former Chancellor of the Exchequer Kwasi Kwarteng says he has accepted the decision by U.K. Prime Minister Liz Truss to leave. Kwarteng says Truss’s vision of optimism, growth and change was right, but the “economic environment has changed rapidly” after the presentation of the mini budget. He said it was an honor to serve as her first chancellor and that he would support both Truss and his successor. Gilt yields have dropped on Friday on indications many of the planned tax cuts will be reversed, though the pound GBPUSD,
USDJPY: the pair declines ahead of the US ADP employment data
The USDJPY rate fell below 154.00 on Wednesday amid rising wages in Japan. Today, the market will focus on the US ADP employment statistics. Find
