UK budget relief and BoE support seen for GBP
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. The UK is on track for the fastest fiscal consolidation in the G7, which could support Gilts and Sterling.
Original · FXStreet AI summary of public reporting
Why: UK budget relief and hawkish BoE outlook → GBP support
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At publication → CurrentGBP1.331 → 1.332+0.1%