GBPUSD Wait for that move!

6 ต.ค. 2022

Confusion reigns regarding Kwarteng’s medium term policy statement which was touted early yesterday as being brought forward to this month only to be denied by him later in the day. Supposedly 23 November in Kwasi speak is “shortly” just as last week’s moves in the UK markets were, according to him, a “little turbulence”. Think someone in the Treasury needs to have a word with him about his communication skills. Anyway we are no further on than that although the BBC was suggesting that the earlier date is still potentially, maybe in play. The phrase “couldn’t run a bath” springs to mind as indeed does “out of their depth”.