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UK Economic strategy praised by IMF Chief – Investec

FXStreet (Barcelona) - With maximum focus on the UK general elections, Jonathan Pryor, Head of FX dealing at Investec, notes that IMF chief’s comments praising the UK economic strategy might boost Cameron’s view that the country was on a right path.

Key Quotes

“Last night the UK General Election continued to be front of mind with the BBC hosting another debate. Despite there being no David Cameron or Nick Clegg, the other 5 candidates continued to fight their corner.”

“Ed Miliband unsurprisingly used the words “working people” as many times as possible while trying to undermine David Cameron’s manifesto at every possible occasion.”

“Nigel Farage didn’t try to win any friends with his normal straight talking. He blamed lack of housing down to immigration which was widely refuted by the other candidates.”

“The election race continues to hot up with Ed Miliband challenging David Cameron to a one on one debate in his closing statement.”

“Christine Lagarde (Head of the International Monetary Fund) praised the UK government’s economic strategy. She spoke in Washington saying the UK had managed to provide the right balance of spending cuts and revenue raising. She continued by saying “It’s clearly also delivering results because when we look at the comparative growth rates delivered by various countries in Europe, it’s obvious that what’s happening in the UK has actually worked”.”

“This will no doubt be a boost to David Cameron who has continued to explain that the UK is on the right path as the government continues to deliver an improved economy.”

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