SINGAPORE—Sterling inched cautiously higher following British Prime Minister Liz Truss’s partial reversal of her government’s economic plan, while the yen was pinned near a 32-year low as markets awaited signs of intervention from Japanese authorities.
The pound gained 0.42 percent to $1.1225, after Truss said on Friday that Britain’s corporation tax will rise to 25 percent from April next year instead of keeping it at 19 percent as part of her government’s initial “mini-budget.”
