Expressing his take on the UK third-quarter growth numbers, the country’s Finance Minister Rishi Sunak said, “there are challenges ahead of the British economy.”
Additional quotes
“GDP data shows we are on the right path.”
“We need to do better than we did last week on parliamentary standards.”
“Supply chain and labor challenges are being experienced by other countries.”
Market reaction
GBP/USD is trading close to fresh yearly lows of 1.3365, down 0.16% on the day. Brexit concerns and hot US CPI-led dollar strength continue to hurt the cable.