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Gordon Brown accused of over confidence in economic fightback

Gordon Brown has come in for some severe criticism today for his comments regarding George Osborne and the falling exchange rate. Many of the financial press seem to be turning against Gordon Brown as his policy of do as I say not what I do seems to be coming more and more to the fore. Many newspapers are reminding UK readers that we live in a democracy where comments, criticism and praise can be suggested even in political circles.

Gordon Brown is also accused of hypocrisy as when Alistair Darling suggested that the UK economy was to encounter a serious setback there was no rebuttal from Mr Brown yet when George Osborne dares to suggest the Labour economic policy is not working, he stands accused of sabotage. The truth is that while markets do move on sentiment and comments from those in high political circles the underlying fundamentals are the main reason why any market moves.

After building up something of a head of steam over the last few weeks there are some who are concerned that a period of consolidation is required for the UK government in order to let the situation settle down.

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