Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
Prime Minister Rishi Sunak is delivering a statement in the House of Commons outlining the gov'ts justification for its joint airstrikes with the US on Houthi targets in Yemen carried out last week. Sunak: "[Houthi] attacks push up prices and put in peril vital supplies like medicines...We have attempted to resolve this through diplomacy...We shouldn't fall for [the Houthis] malign narrative that this is about Israel and Gaza. They target ships from around the world." Earlier in the day in a wide-ranging speech, Defence Secretary Grant Shapps stated that the UK would 'wait and see' on whether more strikes would be required.
- Sunak's statement comes amid notable focus on the latest MRPopinion poll from YouGov. The poll shows that if the UK held a general election today, the main opposition centre-left Labour party would be on course for a sizeable majority with 385 of 650 seats. The incumbent centre-right Conservatives are on course for its worst electoral performance since 2001 with 169 seats, down from 365 in the 2019 general election.
- In terms of the impact of the poll, and others showing the Conservatives on course to lose the election, it could put pressure on Chancellor Jeremy Hunt to offer a Budget on 6 March that includes more 'giveaways' in the form of tax cuts or spending increases in an effort to bolster the gov'ts standing before the election (seen as likely in H224).
Source: YouGov, MNI. Fieldwork: 12th December 2023-4th January 2024. 14,110 respondents
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.