Weaker pound, higher inflation if Truss becomes UK PM: deVere CEO

clock • 1 min read

The pound would fall even further and soaring inflation would continue should Liz Truss become the next UK prime minister in September, warns deVere Group CEO Nigel Green. Truss, the current favourite to become UK prime minister, is preparing to take on Rishi Sunak, her rival in the Conservative leadership contest in a further televised debate this week. Green said: "We expect the already weak pound to fall even further if Liz Truss becomes PM. "Sterling - one of the worst performing major currencies of the year - would react negatively due to her tough stance on the UK's relations...

To continue reading this article...

Join International Investment

Join International Investment today

Unlock members-only benefits:

  • Unlimited access to real-time news, industry insights, video features and market intelligence
  • Stay ahead of the curve with spotlights on international financial centres, regional trends international advice and global industry leaders
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Hear the latest cross jurisdictional developments in wealth planning, tax, regulation, investing, retirement and protection
  • Members-only access to the Editor’s weekly news roundup newsletter
  • Members-only access to analysis via our exclusive industry polls
  • Be the first to hear about our events and awards programmes

Join now


Already a International Investment member?