<p>Leading into the weekend UK PM Truss fired former Chancelloer Kwasi Kwarteng, replacing him with Jeremy hunt. </p><p>As for policy, the corporation tax will rise to 25% from April next year instead of being held down at 19% (this promise was part of her government's initial "mini-budget" drawn up by the aforementioned firee, Kwarteng). </p><p>Then, over the weekend we:</p><ul><li><a href="https://www.forexlive.com/centralbank/bank-of-england-gov-bailey-says-the-next-interest-rate-hike-could-be-higher-than-expected-20221016/" target="_blank" data-article-link="true">Bank of England Gov Bailey says the next interest rate hike could be higher than expected</a></li></ul><p>GBP was marked higher in the early hours and has consolidated its gains:</p>
This article was written by Eamonn Sheridan at forexlive.com.
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