UK PM Truss Spokesman: Working in preparation for a medium-term fiscal plan on October 31

UK PM Liz Truss’s spokesman said in a statement on Friday, “we are working in preparation for a medium-term fiscal plan on October 31.”

 He added that “the new PM will decide whether it will be delivered then.”

Market reaction

GBP/USD found some support on the above headlines, as it moved away from weekly lows at 1.1100, currently trading at 1.1130, still down 0.91% so far.