OECD secretary general Gurria speaking in London 17 Oct
- UK mon pol should remain supportive
- BOE should look through inflation boost from weak pound
I make him right, although many economists ( I am just a humble trader) would disagree and argue that rates should be jacked higher regardless.
- UK should boost investment spending if growth weakens significantly ahead of Brexit
- reversal of Brexit would have significant impact on economic growth
In response UK fin min Hammond says:
- certainty on Brexit deal would support investment
- confident we can drive up productivity in UK
- boosting productivity will be a theme of Nov budget
GBPUSD continues its journey south to 1.3192 EURGBP up to 0.8914