Few politicians would proclaim to have magical powers, but today Philip Hammond seemed to develop the ability to make currencies drop on every word he says.
Delivering a crucial Budget to parliament the pound plummeted as he rifled through a raft of shaky economic indicators.
He acknowledged that the economic outlook for the country is deteriorating, setting growth forecasts under 2 per cent for the next five years.
He then announced that he will put aside an extra £3 billion to prepare for all possible Brexit outcomes.
As he spoke the pound tumbled on the currency markets in a move that has been described by some people on Twitter as being in correspondence with their “will to live”.
This graph unveils all:
Pound falls while Philip Hammond delivers #Budget2017 in Parliament https://t.co/Kmpvif6YQe pic.twitter.com/DImx6XXEZW
— Bloomberg Brexit (@Brexit) November 22, 2017
MORE :
On eve of budget, this letter outlines harsh realities of squeezed Britain to Phillip Hammond
