3 May 2023 - Sunakism looks like to be the right medicine for the economy
With inflation falling albeit too slowly for Andrew Bailey’s liking there is a growing belief that Rishi Sunak is the right man to lead the country’s recovery from the issues that to a certain extent have been self-inflicted. Having achieved a workable agreement with Brussels that could see closer ties between the UK and EU, Sunak is trying hard to erase the circumstances that brought him to power. He has put in place, in concert with Jeremy Hunt an economic policy that is expected, if given time to work, should lead the country back to some semblance of normality if not prosperity. It is true to say that he contributed to the raging inflation that has gripped the country over the past eighteen months or so, by providing the support which, at the end of the day, saw the country get through the Pandemic. He also was the first member of Boris Johnson’s Cabinet to resign in protest at his leadership. 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.