UK’s Kwarteng: Finance Minister Sunak doing a fantastic job
|The UK Finance Minister Rishi Sunak was doing a fantastic job, the British Business Minister Kwasi Kwarteng said in an interview with Sky News
Key quotes
"He's doing a fantastic job,"
"It's up to the Prime Minister, all those sorts of personnel decisions."
His comments come after he was asked on a report in the Sunday Times that Prime Minister Boris Johnson could demote him.
Market reaction
GBP/USD is advancing towards 1.3900, benefiting from the above upbeat remarks and a broad-based retreat in the US dollar across the board.
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.