IMF’s Georgieva: New PM Sunak to steer UK towards path of medium-term fiscal sustainability

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IMF’s Georgieva: New PM Sunak to steer UK towards path of medium-term fiscal sustainability

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    The International Monetary Fund (IMF) Managing Director Kristalina Georgieva told Reuters on Wednesday, she expects new UK PM Sunak to steer Britain towards a path of medium-term fiscal sustainability.

    She said that she will speak with British Finance Minister in the coming days.

    The above comments have little to no impact on the pound, with GBP/USD consolidating its recent upswing to multi-week highs at 1.162. The pair is adding 1.16% on the day to trade at 1.1600, as of writing.

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