UK's Kwarteng: The plan we put forward caused a little turbulence

UK Finance Minister Kwasi Kwarteng acknowledged on Monday that the fiscal they have introduced caused "a little disturbance" in markets, as reported by Reuters.

Additional takeaways

"No more distractions."

"Our growth plan makes sure we focus relentlessly on growth."

"People should keep more of the money they earn."

"We will forge a new economic deal for Britain."

"We will focus relentlessly on economic growth."

"Now I want to focus on delivering the major parts of the growth plan."

"Economic deal will be backed by an iron-clad commitment to fiscal discipline."

Market reaction

GBP/USD preserves its bullish momentum after these comments and it was last seen rising 1.35% on the day at 1.1312.