Institutions: The fiscal policy of the next British leader is key to influencing the pound

On 9 July, Ebury analyst Matthew Ryan stated that the future of the pound would depend on whether potential British Prime Minister-designate Andy Burnham fulfilled his commitment to fiscal rule. If Bernard kept his word, the pound would probably be safe. Any indication that these rules have been abandoned or distorted, even in marginal areas, could trigger a disorderly sale of British assets. If Bernam ' s leadership is confirmed around 17 July, the market will have more information。