<ul><li>Have seen positive reaction from business groups to fiscal statement</li><li>Finance minister will come forward with medium-term fiscal plan in the coming months</li><li>Do not know when the next conversation between BOE and Kwarteng will be</li></ul><p style=““ class=“text-align-justify“>When asked about any plans to change measures set out in the „mini budget“, the spokesperson responded with a ’no‘. I guess the ball is over in the BOE’s court now then. With intervention via FX reserves not a sound option, it seems like the central bank can only intervene through raising interest rates substantially – that is if they see fit to step into the market.</p>

This article was written by Justin Low at forexlive.com.