Leading into the weekend UK PM Truss fired former Chancelloer Kwasi Kwarteng, replacing him with Jeremy hunt.

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).

Then, over the weekend we:

GBP was marked higher in the early hours and has consolidated its gains:

gbp 17 October 2022 chart 11