UK: Finance Minister Sunak to hold major press conference on cost of living crisis - The Sun

UK Chancellor of the Exchequer (Finance Minister) Rishi Sunak will hold a major press conference on Thursday amid souring UK energy costs, reported The Sun. The UK energy regulator Ofgem will announce the new energy price cap for April on Thursday morning (UK time) and Sunak is expected to announce new financial support measures for low-income Brits. 

Market Reaction

GBP does not seem to have reacted much to the latest news, though if Sunak's measures on Thursday are interpreted as amounting to meaningful fiscal stimulus, the impact on sterling could be modestly positive.