Speaking to Bloomberg TV at the International Monetary Fund’s (IMF) meetings in Washington late Wednesday, the UK Finance Minister Jeremy Hunt signaled an election may be held as early as spring 2024 as he expects the economy to have “turned the corner.”

Additional comments

“The UK will outperform the IMF’s GDP forecasts.”

“We do not believe a US trade agreement is imminent.”

Market reaction

At the time of writing, GBP/USD is keeping its range just shy of the 1.2500 barrier, adding 0.10% on the day.