The budget won't be an outright negative for the UK economy and Pound, as any boost to spending should be welcomed in the longer term.
Consumers "Despondent" Ahead of Budget
- Category: GBP
Consumer confidence fell one point this month to -21, according to the country's leading barometer of sentiment.
The British Pound looks to be benefiting from reports that Chancellor Rachel Reeves is going to change the fiscal rules to allow her to borrow more.
The British Pound trades higher against the Euro and Dollar after the head of the Bank of England was hesitant to greenlight a faster pace of interest rate cuts.
- Pound Sterling Could Be Boosted by Growth-boosting "Historic" Budget
- Pound Sterling Drops Against Euro and Dollar After Core Inflation Sees Biggest Monthly Fall in 25 Years
- Pound Sterling to Test Fresh Multi-week Lows vs. Euro and Dollar as Inflation is Set to Dip
- Turnaround Tuesday for Pound Sterling