It's very much changed times in the US and UK right now. Previously politicians that are regarded as being 'conservative' would insist on a policy of less govt spending, less taxation and in more recent times a programme of austerity.
In the UK's case that meant a clear, defined target of zero deficit by 2020.
The conservative mantra was always 'balance the books', the more left approach was to spend your way out of trouble - often a depreciating currency helped pay back the deficit.
Presently the UK and likely the US are stealing the left's mantra, the notion of the need for a balanced book is on the back burner, spend now, worry later.
Both sets of politicians do not like low interest rates, nor are they fans of an independent central bank, we now know that Carney will depart, maybe even sooner than the announced 2019 date, Yellen?
This change of focus by the UK and soon US is designed to help retail spending, boost the economy and by consequence raise the value of their respective currencies.
One major currency sticking with austerity is the Euro, perhaps Eur/Gbp lately is reflecting some of this.
Up ahead I suspect no more rate cuts, good chance that the cycle is now changing, first the US, then either EU or UK.
Have a good week.
Edit: UK likely to announce a decrease in VAT (sales tax) from 20% to 17.5% as a temporary measure, first concrete step to the new 'stimulus', bet Trump is watching.