UK Chancellor Healey: We will maintain control of Britain's finances

United Kingdom (UK) Chancellor of the Exchequer John Healey said during the European trade on Monday that the administration will maintain control of Britain's finances while speaking about the upcoming fiscal budget this year.

Additional remarks

We will meet fiscal rules.

It falls to us to act to reduce the welfare bill.

Market reaction

There has been some upside in the British Pound (GBP) against the US Dollar (USD) since the release of UK Chancellor Healey's comments. However, the bids followed the GBP/USD pair are driven by some correction in the US Dollar. At press time, GBP/USD is up 0.17% to near 1.3265.