- Joined
- Mar 25, 2012
- Location
- IOM
I don't do forex trading so nope....
The point I was making is that the £ was always going to tank. No corruption to be seen here
Except no, because otherwise the market would have priced it in already, the market responded directly to Kwarteng's statement and the pound dropped by 4% in a day, the markets clearly weren't expecting the UK government to announce it would take on such much extra debt, and to do it in a way that would be both inflationary and not even generate much, if any, economic growth.
Out of interest, is there literally anything this lot could do that you wouldn't immediately jump up to defend and hand-wave away? I'm curious as to where the line might be, if indeed there is one.