Since July I’ve been arguing that if the new Conservative Party leader (and therefore prime minister) veered towards a more populist fiscal policy then sterling could come under increased
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Investors have been presented with a series of headlines over this weekend that they will need to consider carefully as they think about the prospects for the Pound and UK markets in the coming weeks.
Although it is now over 40 years old, the BBC’s satirical television series “Yes, Minister” – reputedly Fredrick von Hayek’s favourite programme – can still provide useful insights into the relationship between UK politics and financial markets.
Back in July I argued that alarm bells should be ringing about the Pound’s performance with politics and the outlook for the economy having become the major driving force for the currency in 2022.
With the United Kingdom enjoying another summer of political unease, it’s worth considering what the defenestration of Boris Johnson as leader of the Conservative and Unionist Party might mean for Sterling over the medium term.