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

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.

Market reaction

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.