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UK’s Kwarteng: Will not go ahead with plan to scrap 45% income tax rate

UK Finance Minister Kwasi Kwarteng confirmed earlier reports, noting that his government will not go ahead with a plan to scrap a 45% rate of income tax.

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EUR/NOK and EUR/SEK to target 10.70 and 11.30, respectively – Credit Suisse

Scandinavian FX remain exposed to mixed central bank messages and Russia-related geopolitical risks –analysts at Credit Suisse target EUR/NOK at 10.70
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AUD/USD to suffer further losses towards 0.62 – Credit Suisse

AUD/USD touched a new two-year low just under 0.64 on Friday. Economists at Credit Suisse expect the pair to extend its decline towards 0.62. Aussie
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