The Prime Minister shocked no one yesterday by announcing that he has decided to axe the Birmingham to Manchester phase of HS2. Against a growing backlash from former Prime Ministers, politicians and business leaders Rishi Sunak made a vow to invest the thirty-six billion pounds that will be saved in infrastructure projects specifically tailored for the north.In trying to explain the unexplainable Sunak said that the facts of the project had simply changed.He announced several other initiatives that are potential vote winners, but they will all be overshadowed by the latest and possibly most decisive “volte-face” from a government that has become synonymous with such actions.Ironically, the conference that was held in Manchester, was the first Sunak addressed as the leader and given the level of criticism over what has been termed as “abandoning the people of the north” by Manchester Mayor Andy Burnham and “simply wrong” by former Prime Minister David Cameron.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.