Osborne says the UK is ready to confront the future

27 June 2016, 08:33
Sherif Hasan

UK finance minister Osborne making his scheduled statement 27 June 2016

  • market volatility will likely continue
  • UK economy will have to adjust
  • UK growth has been robust
  • contingency plans are in place
  • on-going contact with BOE gov Carney, have agreed further plans if needed
  • have been in touch with EU fin mins
  • Article 50 should only be triggered when UK has clear view on relation with EU
  • need to address impact on public finances
  • no one should doubt UK resolve to maintain fiscal stability
  • completely focussed on task as chancellor
  • will address Tory party shake-up and his role in it over the coming days

Not standing down yet then.

GBPUSD unfazed by any of it at 1.3402 still. EURGBP 0.8233

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