Pound the session Monday on a weak note, but all began in the middle of the day, sending the pound / dollar in the upper half of the trading range last week. Start the Conservative Party Conference (dominant in the ruling coalition) has coincided with some ads on fiscal policy, mainly regarding the tightening of payment of bonuses. This supported the belief that they are able to achieve the planned level of spending cuts, which will be announced later this month.And here is where Sterling is in a dilemma. The background of monetary policy remains negative, as Britain is seen following a possible candidate for QE with the U.S.. However, when the market prefers to focus on fiscal policy, sterling tends to increase, as investors believed that the authorities "are doing everything right" on this front. Which of these areas will become the dominant, only time will tell, but in terms of investor confidence can only be judged on business.
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