UK: Some looser fiscal policy will be welcomed by Sterling – ING

Market news

22 November 2023

UK: Some looser fiscal policy will be welcomed by Sterling – ING

Economists at ING analyze GBP outlook ahead of the UK Autumn Statement.

EUR/GBP to trade back below 0.8700

Today, Chancellor Jeremy Hunt is also looking to deliver tax cuts – but cuts that do not derail plans to stabilise the UK debt trajectory over a five-year horizon.

We think some looser fiscal policy will be welcomed by Sterling at this juncture and continue to favour EUR/GBP trading back below 0.8700.

See – UK: Autumn Statement to offer muted market reactions – Danske Bank

USD/CHF Price Analysis: Maintains position above 0.8850, barrier at nine-day EMA

GBP/USD trades near 1.2520 after retreating from the 11-week high

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