UK’s Junior Finance Minister Rishi Sunak was recently on wires, via Reuters, while conveying optimism surrounding the Brexit deal and the British economy.
Key quotes
- Open to wanting to have a deal with EU.
- Hope the EU come and engage with the UK to get a deal.
- Growing faster than many of our EU friends, the economy is resilient.
- Employment picture is very strong in UK economy.
- Part of our no-deal preparations are to help supply chains.
FX implications
While such upbeat statements from newly appointed UK lawmakers generally have a positive impact on the GBP/USD pair, markets presently showed no response to the news as all eyes are on the Bank of England’s (BOE) quarterly inflation report.
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