Prime Minister Lizz Truss announced on Thursday that she will resign from office following an undisclosed process to determine her replacement, leading to a range of responses from analysts, economists and others from across the economy, some of which are reproduced below.

October 20,2022

Pound Sterling exchange rates were volatile on Thursday when an earlier Dollar-induced rally stalled momentarily following the announced resignation of Prime Minister Lizz Truss, which is set to be followed by an undisclosed process that will determine her replacement.

October 20,2022

Pound Sterling's early gains melted away to leave behind widespread losses in what could remain volatile trade on Thursday following 'dovish' commentary from one Bank of England (BoE) official and amid what is increasingly banana republic style dysfunction in government and Westminster.

October 20,2022

The Pound rose against many major currencies during the penultimate session of the week but remains at risk from renewed political instability and uncertainty with all of the possible implications for a UK economy that some analysts describe as being already in recession.

October 20,2022

The Pound built further on widespread losses late on Wednesday in what appeared to be a response to the departure of another government minister, which was followed by declines in UK government bond yields that were incongruous with the domestic inflation picture and global financial backdrop.

October 19,2022

The British Pound was trailing behind both a broadly stronger Dollar and a generally softer Euro in midweek trade following another surprise increase from UK inflation rates and as financial markets fixated on rising U.S. bonds yields following yet more hawkish commentary from Federal Reserve (Fed) officials.

October 19,2022