British Prime Minister Liz Truss is set to freeze household energy prices for 18 months. In addition, she will allow energy companies to take out government-guaranteed loans to help them account for the difference in the wholesale and retail prices.
Truss will unveil her energy price plan on Thursday, 8th September, 2022.
However, Truss’ plan to freeze the price does not significantly impact risk sentiment, with the UK’s FTSE 100 Index clinging to small daily gains at 7,299 points. Meanwhile, GBP/USD was last seen rising 0.5% on the day at 1.1572.