Daily Market Updates: British Pound: Budget relief and BoE support for Sterling

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British Pound: Budget relief and BoE support for Sterling – Societe Generale

Reported · Written up by our desk · Major Pairs

Societe Generale analysts see scope for a relief rally in GBP/USD following the UK Budget and ahead of a potentially hawkish Bank of England hike. They argue the UK is on track for the fastest fiscal consolidation in the G7, which could eventually support Gilts and Sterling.

Latest closeGBP/USD 1.331 ▼0.3%

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FXStreetBritish Pound: Budget relief and BoE support for Sterling – Societe Generale

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British Pound: Budget relief and BoE support for Sterling – Societe Generale

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