GBP gains thanks to lower bond yields

The new UK treasury secretary indicated that he intends to restore confidence in the markets in the near future. Hunt will increase the number of advisors in the department to help broaden his analysis of potential tax changes.

Hunt also says he does not want to pressure companies by introducing new taxes which would reduce investment, but at the same time does not rule out any move. The politician also says that he is not an explicit opponent of the excess gains tax. Hunt guaranted that the nearest forecasts, which will be released on October 31, will show a falling debt to GDP ratio.

Source: xStation5