The Prime Minister is struggling to assert any authority over his MPs, who see him as not making any difference to their chances of being re-elected, no matter how many “resets” attempts. The budget was a major disappointment, with the promise of significant tax cuts “dangled” in front of them only to turn out as being significantly less radical than promised.Although the Labour Party is avoiding “showing its hand,” due to fears that they will be seen as “more of the same,” Sunak has gained an unfortunate reputation as being something of a “Jonah” for the Party. The more he tries to make changes, the worse the situation becomes.Although he could be expected to face criticism for the lack of growth and output being achieved, even his two major successes, in lowering both inflation and unemployment, are considered as being the work of others, while there have been several incidents that may have been unexpected but have nonetheless been handled clumsily.Rumours are swirling around Westminster that members of the Parliamentary Party are considering ditching Sunak since they feel he cannot win the election. In truth, which was the case when he came to power, Tory MPs, particularly those for whom this is their first Parliament, see their careers ending prematurely and are looking for a scapegoat.The MPC will begin its latest meeting tomorrow with a vote taking place on Thursday, and Andrew Bailey will hold a press conference around lunchtime, most likely to confirm that short-term interest rates will remain at 5.25%, their highest level since February 2008.Beyond Currency Market Commentary:Aims to provide deep insights into the political and economic events worldwide that can cause currencies to change and how this can affect your FX Exposure.