Politics and the pound

- By FX Markets Staff
- @FXMarkets_
- 25 Sep 2006

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‘Going but not yet gone’ characterises the last year of UK prime minister Tony Blair’s custody of the UK. Before the May 2005 election, after a health scare and some stuttering polls, he was advised to state that he would not fight a fourth campaign. The statement was deemed necessary at the time, but is now blamed for many of his problems, as it undermined his authority within the Labour party and government.

Hence, barely a year and a half since he led the Labour party to its third consecutive

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