The Pound fell after the government announced a significant upgrade to the amounts it would need to borrow.
The British Pound is supported near key levels against the Euro and Dollar as traders choose to focus on the potential positive aspects of today's budget announcement.
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.