Jin10 data reported on September 5, analysts at Monex Europe stated in a report that due to UK Deputy Prime Minister Rea's admission of underpaying stamp duty when purchasing a trap, his political future has become uncertain, and the pound may weaken in the long term. An independent ethics adviser will publish a report assessing whether Rea violated the Ministerial Code of Conduct. Analysts pointed out: "The short-term impact of this matter on the pound is limited, but the long-term impact cannot be ignored." Recent events have damaged the government's credibility, and even if it does not immediately trigger a market reaction, it may pose sustained pressure on the pound.
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Analyst: The credibility of the UK government is damaged, and the pound may face long term pressure.
Jin10 data reported on September 5, analysts at Monex Europe stated in a report that due to UK Deputy Prime Minister Rea's admission of underpaying stamp duty when purchasing a trap, his political future has become uncertain, and the pound may weaken in the long term. An independent ethics adviser will publish a report assessing whether Rea violated the Ministerial Code of Conduct. Analysts pointed out: "The short-term impact of this matter on the pound is limited, but the long-term impact cannot be ignored." Recent events have damaged the government's credibility, and even if it does not immediately trigger a market reaction, it may pose sustained pressure on the pound.