UK finance minister Hammond begins his BBC Radio 4 interview 2 Oct
- any uncertainty is bad for business confidence
- the sooner we can clarify Brexit process the quicker the economy will start growing again
Opening salvo from Nick Robinson focusses on talk from UK Chamber of Commerce that businesses are tired, rightly, of all the govt in-house bickering and lack of progress with EU on Brexit
- ofc there are short term challenges to the economy
- underlying economy is very strong
- we will have to be prepared to support economy as needed through Brexit process
Hammond making it clear he will be upbeat about the UK economy in his conference speech later.
GBPUSD down to 1.3335 session/2 1-2 week lows as USD demand continues as EURGBP holds 0.8800, still, with EURUSD also down to session lows of 1.1749
Hammond - On the back foot as businesses voice their concern
