British Finance Minister Rishi Sunak said on Thursday that unemployment is expected to continue to rise in the UK and noted that they are acting before a “tricky, difficult winter economy,” as reported by Reuters. Additional takeaways “We always stand ready to do what’s necessary.” “We are ready to do more if needed.” “We cannot continue to provide the same support as we did at the beginning, it’s not sustainable.” “We need to be mindful of the cost of job support.” “As economy recovers, we need to keep an eye on public finances.” “I will need to make difficult decisions on public finances in the future.” “Priority needs to be on recovery for now.” Market reaction The GBP/USD pair showed little to no reaction to these remarks and was last seen gaining 0.08% on the day at 1.2732. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next ChainLink Price Analysis: LINK sees a 23% price bounce and it’s eying up $10 FX Street 1 year British Finance Minister Rishi Sunak said on Thursday that unemployment is expected to continue to rise in the UK and noted that they are acting before a "tricky, difficult winter economy," as reported by Reuters. Additional takeaways "We always stand ready to do what's necessary." "We are ready to do more if needed." "We cannot continue to provide the same support as we did at the beginning, it's not sustainable." "We need to be mindful of the cost of job support." "As economy recovers, we need to keep an eye on public finances." "I will need to make difficult decisions… Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
