25 Jan 2018
UK Chancellor Hammond: very happy where the Pound is currently trading
UK Chancellor of the Exchequer, Philip Hammond, is out on the wires now, saying that he is very happy with where the British Pound is currently trading.
Additional quotes:
• Sterling level helps with exports and also rising costs of imports
• Brexit transition deal will probably be 2 years
• Financial services must be part of Brexit deal
• UK has negotiating weight on financial services
• UK will want to form close customs agreement
• Softness of US dollar is helping US exporters
• Recognizes the concerns of US about trade fairness
• Hopes the current dollar level addresses US concern
• Should be cautious about Bitcoin