Liz Truss won the race for the leadership of the Conservative Party and will become prime minister of the United Kingdomreplacing Boris Johnson.
In her acceptance speech, Truss said she will address long-term energy supply issues and the crisis over high energy bills in homes.
“I will rule as a Conservative,” said the next prime minister, who beat Rishi Sunak for the Tory leadership. She further expressed that she intends to deliver on what was promised to voters in 2019.
On economy Truss said she will deliver a bold plan to cut taxes and grow the economy.
The novelty, and the first words of Truss after knowing the victory they have had no impact on the markets, nor on the pound. It is the result that the market expected and in a presentation the future prime minister did not offer any surprises. GBP/USD trades in the 1.1500 area and EUR/GBP around 0.8620.
Source: Fx Street
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