$British Pound - main 2212(GBPmain)$Rishi Sunak was critical of Liz Truss’ earlier promises on tax cuts that would further flame UK’s surging inflation and debts. His prize for correctly predicting the market turmoils following her election and tax cuts announcement leading to her subsequent downfall: He gets the job to now clean up the mess.

I've been procrastinating for months to acquire a stake in BP as the oil major benefits from high crude oil prices and as it is revamping itself and pivoting to renewable energy. I had held back after Russia's special military operation in Ukraine, as I'm afraid that BP assets in Russia may be nationalized or the company may be forced to liquidate its stakes and partnership in Russia on the cheap.

I was not rewarded for the wait, as the subsequent energy crisis from the sanctions against Russian oil and Russia's retaliation by weaponizing its energy had lifted BP share price.

However, with a weaker British pound, the share price of BP traded in the London Stock Exchange now looks more appealing in SGD equivalence.

With Truss’ fiscal policy being corrected, British pound is now on a recovery path. I'll be closely watching the crude oil prices and the exchange rate, before finally making an investment decision.

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