12 June 2023 - Higher volatility from Central Bank meetings?
The political landscape in the UK incontrovertibly changed at the end of last week as former Prime Minister, Boris Johnson, resigned in the wake of the publication of the report into “Partygate” which he labelled little more than a “witch-hunt”. There were further departures confirmed by some of his supporters while Johnson himself hinted that he would be back, possibly standing for the seat vacated by former minister Nadine Dorries. Prime Minister Rishi Sunak returned from his trip to Washington, having made little progress over a free-trade agreement with the U.S. which is now unlikely to happen before elections take place on both sides of the Atlantic. Sunak now faces three by-elections, two of which will be held in constituencies that can hardly be called safe. While staying well ahead in opinion polls, Labour will also face a serious test of its electability, having abandoned a significant part of their investment policies. Beyond Currency Market Commentary: Aims to provide deep insights into the political and economic events worldwide that can cause currencies to change and how this can affect your FX Exposure.