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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.