Johnson's spokesman says ministers reminded they need to find 5% budget savings

Author: Adam Button | Category: News

So much for hopes of fiscal stimulus

Cable fell after Boris Johnson's spokesman told reporters that the Prime Minister today told cabinet to find 5% budget savings.

The resignation of Javid yesterday sparked hopes/speculation of looser fiscal policy and a big rally in the pound. Some of that is evaporating now in a quick move down to 1.3000 from 1.3030.

It's not clear if the budget scheduled for March 11 will be delivered on time.

ForexLive
By continuing to browse our site you agree to our use of cookies, revised Privacy Notice and Terms of Service. More information about cookiesClose