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UK Budget Shrinks Fiscal Buffer Without Market Shock; Fed Dissent in Focus

Reported · Written up by our desk · Major Pairs

Sterling and UK gilts showed little reaction to Chancellor John Healey’s Budget, despite higher borrowing forecasts and a reduction in fiscal headroom. The remaining buffer against the fiscal rule fell from £23.6B in March to £15B, broadly matching market expectations. Attention is shifting to today’s Fed decision, where a hold is overwhelmingly priced at 90.6%, but the voting split could reveal whether pressure for faster tightening is building. The post UK Budget Shrinks Fiscal Buffer Without Market Shock; Fed Dissent in Focus appeared first on ActionForex .

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