In comments issued after the speech, May’s office said the prime minister will “put her government at the service of those who have found themselves poorer as a result of monetary policy.” May, who promised to fight “burning injustice” in her first comments after taking office in July, told the party gathering that everyone must get a “fair share.” “We must continue to aim for a balanced budget,” she said. “But to build an economy that works for everyone, we must invest in the things that matter, the things with the long-term return. That’s how we will address the weaknesses in our economy, improve productivity, increase economic growth and ensure everyone gets a fair share.”
Sterling is currently being traded around 1.2630 level. Pair is likely to find support around 1.26 handle and resistance aove 1.2680 area.
