The drama in UK politics hit a new high yesterday as Liz Truss drew a close to her premiership after 44 days in charge, making her the shortest serving UK prime minister in history.

In what has been a whirlwind start to Liz Truss’ term as Prime Minister, Chancellor Kwasi Kwarteng was forced to leave the International Monetary Fund’s (IMF) autumn congress early.

For the past few weeks, investors have been counting down the days to the US September CPI report which is always released a couple of weeks after the end of the reporting month.

One of the primary mandates for the Bank of England is to manage the stability of financial markets.

As we highlighted in our last update, the UK government presented its ‘mini budget’ in more detail last Friday.

The UK has firmly had the spotlight turned on to it over the past few weeks since the new Prime Minister, Liz Truss, entered 10 Downing Street.

At lunchtime on the 5th September, Liz Truss was announced as the next UK Prime Minister after Boris Johnson resigned back in July.

The gold price has been pulled by two opposite forces over the past few months; geopolitical risks and inflation vs higher interest rates and a firmer US dollar.

The continuing development of technology in the retail sector is having a detrimental effect on ‘old style’ retailers that have in recent years dominated high streets across the UK.

Yesterday the bank of England enacted a 50-basis point rise in interest rates to 1.75% for the UK base rate, the highest rise for a number of years.