It was a course a cocky, arrogant and ill thought out event. The thing that amazes me more than the contents though is the fact that these two newly elected politicians just took all the decisions on their own – not even a sniff of cabinet government.
The way the media reported the market reaction resulted in yet another example of many people getting an incorrect view of the result. The preception was that it crashed the pound, interest rates soared and the price of long term gilts rose steeply. Of these three it is only the gilt price that was very badly affected and although the pound was incredibly volatile for a few days it returned to trend quite quickly. What has happened is that the US have raised their interest rates more than is usual during the course of this year and the USD has risen dramatically.
GBP/USDStuff to wite hereClick HereSlide 2 HeadingLorem ipsum dolor sit amet consectetur adipiscing elit dolorClick HereSlide 3 HeadingLorem ipsum dolor sit amet consectetur adipiscing elit dolorClick Here
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