UK PM Spokesman: No plans to change measures set out in mini-budget
|When asked whether the government is planning to change the measures set out in the mini-budget, British Prime Minister Lis Truss' spokesman responded by simply saying "no," as reported by Reuters.
Additional takeaways
"Finance minister has made it clear we don’t comment on market movements."
"Finance minister will come forward with a medium-term fiscal plan in coming months."
"Finance minister speaks regularly to the Governor of Bank of England (BoE), do not know when their next conversation will be."
"We have seen positive reaction from business groups to the fiscal statement."
"Inflation is something we are very conscious of, it is right we consider how best to control inflation."
"Important BoE independence remains, we don’t comment on interest rates."
Market reaction
Following these comments, the GBP/USD pair was last seen trading at 1.0740, where it was down 1% on a daily basis.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.